Question
Hubert is a solicitor in an old, established and respected law firm. Cyril is a longstanding client and friend, who has long entrusted some of
Hubert is a solicitor in an old, established and respected law firm. Cyril is a longstanding client and friend, who has long entrusted some of his most delicate family matters to Hubert. In the course of advising Cyril as to how best invest his large amounts of money, Hubert suggests that, given five years, a particular piece of property will probably be worth much more than it is now. Coincidentally, the property belongs to Hubert's wife Marion. Cyril enters into a contract to purchase the property, but before taking possession discovers that it is flood-prone and salt-affected, and that it is highly likely that he will make a loss on resale. Cyril desperately wants to get out of the contract.
Required:
Advise Cyril if he can avoid the contract? If yes, explain the principles of Contract Law he should rely on. Refer to at least one case in support of your answer.
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