Question
Auction on 8 Dec 2023 for a smallholding portion 4 of the farm at 11 am 9950 square meters of vacant land in a great
Auction on 8 Dec 2023 for a smallholding portion 4 of the farm at 11 am 9950 square meters of vacant land in a great area. must be sold - lightning fast auctioneers. Karen reads the ad and decides she wants to attend the auction. The next day the auction is held and tells the people that the farm is actually located 500 meters down the road and it is farm 392 not 397 where they are standing. Karen misses the announcement she arrived 15 minutes late. To her excitement she buys the property. She makes a full EFT payment.
karen doesn't actually read the deed of transfer properly and just signs it. He laters learns that the property he bought is actually 9000 square meters and not property he believed he was buying. The auctioneers hold that it was an innocent oversight on their part.
Karen approaches you for advice: What is her legal position , what is required for a valid contract to be concluded.
Is the contract she entered valid, voidable, or void. he likes the property but he feels she paid too much for it.
Answer must include formalities for a sale and transfer of immovable property ad that the auctioneers acted with the requisite authority as an agent on behalf of Lightning Fast auctioneers
Is karen bound to the contract of sale and if not why not and the remedies available?
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