Putiin a men known to be ignorant and benighted signed a transfer partial to his 10000sq meter property to the developer. The reason to sign the transfer by Puttin was to depreciate the value of his property by $5.5 million in 5 years' time. Puttin now does not have any reason to pursue the transaction and ignores the developer. The developer seeks to apply specific performance under the agreement at clause 8.0. You are only to give the specific issue, rule and outcome of this case? Use the case of Nichols v Jessup 1986.