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Respond to the following scenario, under the provisions of the Contract Act, 1872: Sultan bought electronic appliances worth Rs. 700,000 from Zameer on thirty days'

Respond to the following scenario, under the provisions of the Contract Act, 1872: Sultan bought electronic appliances worth Rs. 700,000 from Zameer on thirty days' credit. At the time of purchase, Sultan knew that he was in insolvent circumstances. Discuss the validity of the contract.

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