sale of plot self acquired plot
hemant t gawale
(Querist) 02 October 2010
This query is : Resolved
my mother in law wants to sale the plot which is acuired by her from the amt. reced by her spouce.now she is 68 and her husbond 72.
she has agreed in to oral contract against which she has accepted money and issued receipt on bond.
this transaction made her sons greedy and they are harrassing her for handsome share in proposed sales proceeds.
Now she wants to cancell or postpone the agreement to sale.(to stop the harrashment from sons.)
please experts guide how can she stop this transaction and what would be her stand and what are the cosequences ?
Thanks in advance
Devajyoti Barman
(Expert) 02 October 2010
The seller can always cancel the agreement for sale but the consequences are determined by the terms and conditions of the agreement which is generally monetary compensation or specific performance of the contract by the order of the court.
R.Ramachandran
(Expert) 03 October 2010
Mr. Devajyoti is absolutely correct.
But since in the present case, you have mentioned that the contract was only oral (not in writing), probably she may be in a position to explain the situation and return the advance amount received and thereby cancel the agreement. Check up.
Kiran Kumar
(Expert) 03 October 2010
I agree with Mr. Barman.
consequences of cancellation have been conveyed to you, for delay in performance of contract the seller will have to talk to the buyer.
hemant t gawale
(Querist) 03 October 2010
THANK YOU !
DHANYAWAD !!
SHUKRIYA !!!
