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cyberlawyer (barrister)     08 March 2014

Cancellation of poa after sale agreement

Hello ld. members, 

If there is a sale agreement between a power agent of vendor and buyer, and subsequently the vendor revokes/cancels the POWER and gives revocation notice, the sale deed can be executed only by the vendor, RIGHT ?

in the above case If the vendor refuses to execute the sale deed, against whom the buyer has to bring a specific performance suit ?. Against the vendor or against both the vendor and his agent ?. 

So the cancellation of POA will have a prospective effect and not retrospective effect, RIGHT ?



Learning

 1 Replies

2BHelpfull (Other)     09 March 2014

when POA is revoked/canceled , anything done by agent prior to revokation/cancellation within its power in POA is valid and binding on his principal.

 

case for specific performance  must be filed against  both the vendor and his agent .

 

Regards


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