Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Business Law related Mary and Jane are sisters who, after their parents death, have been living in the house inherited by them. Mary's age is

Business Law related image text in transcribed

Mary and Jane are sisters who, after their parents death, have been living in the house inherited by them. Mary's age is 17 years and 11 months where as Jane is 25. Their Uncle Roach, who is also their next door neighbour had approached them to purchase their house for a total of Rs. 300,000. Albeit the market value of the house 15 presently Rs. 800,000 Roach had forged a certificate in the name of a renowned valuer that shows the market value of their house as Rs.300,000, and shared the same with Mary and Jane to induce them to sell their house to him. Relying of Roach's representations, Mary and Jane entered into an agreement for sale of their house to Roach ("Agreement for Save"). Mary and Jane have recently learnt of the actual market value of their house and are now refusing to transfer the property to Roach Roach has now decided to initiate legal proceedings against Mary and Jane Advise what rights, obligations and remedies (if any) are available to Mary and Jane under the Agreement br Sale Mary and Jane are sisters who, after their parents death, have been living in the house inherited by them. Mary's age is 17 years and 11 months where as Jane is 25. Their Uncle Roach, who is also their next door neighbour had approached them to purchase their house for a total of Rs. 300,000. Albeit the market value of the house 15 presently Rs. 800,000 Roach had forged a certificate in the name of a renowned valuer that shows the market value of their house as Rs.300,000, and shared the same with Mary and Jane to induce them to sell their house to him. Relying of Roach's representations, Mary and Jane entered into an agreement for sale of their house to Roach ("Agreement for Save"). Mary and Jane have recently learnt of the actual market value of their house and are now refusing to transfer the property to Roach Roach has now decided to initiate legal proceedings against Mary and Jane Advise what rights, obligations and remedies (if any) are available to Mary and Jane under the Agreement br Sale

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Finance

Authors: Brian Watts

8th Edition

0712110720, 978-0712110723

More Books

Students also viewed these Finance questions