Sale agreement
Harish
(Querist) 27 April 2016
This query is : Resolved
Hi sir,
We have around 2 acres of agricultural land. There are 4 shareholders to it. We had made a sale agreement with the purchaser to sell the land for 47 lakhs and all the shareholders have agreed to sell the property and duely signed it. Now one of the shareholder is not agreeing to sell the property for some reasons. Can a purchaser file a case against us because the sale agreement tells who ever breaks the agreement needs to bear the entire expense.
Regards
Harish
Harish
(Querist) 27 April 2016
Any suggestions on this is appreciated
Harish
(Querist) 27 April 2016
Any suggestions on this is appreciated
P. Venu
(Expert) 28 April 2016
The purchaser can file a case for specific performance. It is not necessary that court should agree with all the conditions in the agreement.
Advocate Bhartesh goyal
(Expert) 28 April 2016
Yes purchaser can file a suit for specific performance against all of you.Better settle the dispute out of court else all of you have to face the consequences.
Rajendra K Goyal
(Expert) 28 April 2016
Agree with the expert Advocate Bhartesh goyal.
Kumar Doab
(Expert) 28 April 2016
Settle amicably.
Harish
(Querist) 29 April 2016
Thanks for the reply
R.K Nanda
(Expert) 29 April 2016
agree with experts.
T. Kalaiselvan, Advocate
(Expert) 05 May 2016
The buyer can file a suit for specific performance of contract if one of the vendors is backing or retreating from the sale agreement or contractual deal.
