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BANAKHAT (TOKEN AMOUNT)

Querist : Anonymous (Querist) 20 December 2010 This query is : Resolved 
INCASE WE SELLS PROPERTY IN 1000000/- AND SELLER TAKE 150000/- AS TOKEN MONEY ON BANAKHAT BASIS AND PUT CONDITION IN BANAKHAT THAT PURCHASER WILL PAY REST MONEY WITHIN THEREE MONTHS FROM THE DATE OF BANAKHAT TIME TO SELLER.

NOW PURCHASER CANNOT MAKE REST PAYMENT WITHIN 03 MONTHS SO NOW THIS BANAKHAT CAN BE FORFITED EVNTHOUGH SELLER HAS TAKEN TOKEN AMOUNT MORE THAN 10% OF TOTAL SALES AMONUT
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Sachin Bhatia (Expert) 20 December 2010
Terms and conditions of aggrement to sell will decide what ammount should be forfited.
Khaleel Ahmed (Expert) 20 December 2010
Repeated query, already answered.
adv. rajeev ( rajoo ) (Expert) 20 December 2010
To cancel the sale you will have to issue notice to the purchaser for breach of condition.

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