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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

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Limit your answer to the given case only. Do not write general details about the topic covered.
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Replies to This Discussion

Mubeen Abid Farooqi agr apk pas Solution hai to share plzz :)

but I think it is valid.......because in the scenario it is given that,

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.

due to legal agreement it must be valid.

Dear Students Don’t wait for solution post your problems here and discuss ... after discussion a perfect solution will come in a result. So, Start it now, replies here give your comments according to your knowledge and understandings....

According to me contract is voidable because
1. Section #2 every contract is essential between two parties full of fair about their product they want to sale but they lay than contract is obviously voidable.
2. His uncle has not provided the complete information about flat.
3. After the Mr. Khan examine the flat is not suitable for residence due to non-availability of water and cleanliness in that plaza.
4. Mr. Khan cannot earn profit with lacking of this thing in plaza.Mr khan will go in lose after the purchase of flat
5. So Mr. Khan will avoid the contract due to the misrepresenting information according Section #14,
More information please visit page 32 and 33

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