Mrs. Smith is a 72 year old widow. She owns a freehold house, valued at Ghc 600,00. Five years ago she took in Mr Jones and let him manage her financial affairs. However, Mrs. Smith found out that Mr. Jones had served a prison sentence for theft. Two years ago, Mr Jones persuaded Mrs. Smith to transfer a one third share in her house to him. rs. Smith did so because she was beginning to be fearful of Mr Jones

Six months later, Mr Jones decided that he wanted to start a new business selling double-glazing. Since he was unable to raise the necessary start-up capital on his own, he persuaded Mrs Smith to put up her remaining two thirds share of the house as security against a bank loan in his favour. Mrs Smith signed the necessary documents at the bank in the presence of Mr. Jones Now,seven months later, Mr Jones business venture collapsed and he is no longer able to make payments on the loan. The bank now intends to take possession of the house.

Advise Mrs Smith whether she might be able to have any of the agreement set aside.