Question
Sachin is Warren's next-door neighbour. He is illiterate, suffers from severe depression and relies upon Warren for advice and support. Sachin wants to sell some
Sachin is Warren's next-door neighbour. He is illiterate, suffers from severe depression and relies upon Warren for advice and support. Sachin wants to sell some of his land and Warren agrees to buy it. Sachin accepts the first price Warren offers as he trusts him. He did not seek independent legal or financial advice. Sachin signed the contract for the sale on the spot. Sachin's brother has now called Warren to express his concern about the contract price and the deal as a whole, but Warren wants to enforce the contract. Advise Sachin as to whether there was a valid contract. Can Virat pull out of the deal in this way? Explain your answer with specific reference to the elements of contract and issues of consent. Your answer must refer to the relevant case law. ( IRAC model )
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