Failure to execute agreement.
Querist :
Anonymous
(Querist) 25 August 2011
This query is : Resolved
Sir, I had entered into a registered agreement with a buyer for my small property and the due date was june 10, 2011. I have taken a token advance for the same. But unfortunately, the buyer has not come back and whenever I call, his family members keep giving me some excuse or other about his ill health, he being out of station, etc. I would like to know:
1. What is the next procedure for me to do?
2. Within what period of time will I have to send him a notice for not carrying out the deal?
3. If I fail to send the notice within the stipulated time, what are the repercussions due to failure in issuing the notice?
Thank you Sir for your advice in advance.
Raj
prabhakar singh
(Expert) 25 August 2011
i have replied you it is repeated one.
