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Business and Labour Laws (Mgt 611)
Total Marks 5
Starting Date Thursday, November 10, 2016
Closing Date Wednesday, November 16, 2016
Status Open
Question Title GDB No.1
Question Description

Scenario

Mr. Khan entered into an agreement for the purchase of a flat situated on third floor of a multistory plaza in Lahore with his uncle for Rs.21,00,000. His uncle told him that the said flat is suitable both for residence purpose and for investment purpose to re-sale it later on a profit. Mr. Khan believed the statement to be true as it is given by his uncle who is his well-wisher. After the agreement, but before the performance, Mr. Khan came to know that the flat is not suitable for residence due to problems of non-availability of water and in-adequate arrangements of cleanliness in that Plaza. Furthermore the property in that Plaza has become almost non-saleable.

Required

Discuss whether this contract is voidable or not? If voidable, then on what basis, otherwise justify that why this agreement is valid.



Instructions

Your answers should be precise and to the point.
Limit your answer to the given case only. Do not write general details about the topic covered.
Do not copy from any source, neither from a web-site nor from another student.
Copied answer will be marked as Zero.

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Replies to This Discussion

Plz Friends shaire your ideas about this gdb.....
I think it statement is related to Voidable contract. Because an agreement on account of misrepresentation shall be voidable. And in this statement Mr.Khan came to know about the problems after of the agreement. In short the other party do misrepresentation with Mr.Khan.
What`s your thinks about it friends?

Please Discuss here about this GDB.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.

koi solution he post kr do

Please discuss it then...

Anyone have solution

its is a voidable contract.void contract cannot ratify and voidable contact can be ratify

This is a voidable contract because of lies by uncle of Mr. Khan 

What we have to tell.. Just that its voidable contract ?

A voidable contract is a formal agreement between two parties that may be rendered unenforceable for a number of legal reasons. Reasons that can make a contract voidable include failure by one or both parties to disclose a material fact; a mistake, misrepresentation or fraud; undue influence or duress; one party's legal incapacity to enter a contract; one or more terms that are unconscionable; or a breach of contract.


@Superio 

Simple.

Write your answer in yes or no. Then write the reason why contract is voidable or not voidable.

Simple to nh h k bs ye he btana h k ye voidable h k nh...
Reason b btani h..

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