Srinivas
(Querist) 29 October 2016
This query is : Resolved
sir kindly tell me the meaning of sentence that was mentioned in the sale deed executed in 1960's regarding sale of property. the sentence is " I have sold the said land for a consideration of Rs.1000/- half of which comes to Rs.500/- in favour of vendee'xxx' we mean that the vendor sold only half of the share in property to vendee. whether it is correct or not.
Kumar Doab
(Expert) 29 October 2016
"we mean that the vendor sold only half of the share in property to vendee. whether it is correct or not. "
It is not correct.
Vendor sold in full and received full payment.
Rajendra K Goyal
(Expert) 29 October 2016
The phrase was used to denote full amount as Rs. 1000/- half of this amount is 500/-, it is to confirm consideration of Rs. 1000/- for full deal. Such practice was adopted as a measure to possible change in consideration amount.
These days practice is to write amount in words and figures with / without above procedure.
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