A person named Lalit had an intention to deceive another person named Rahul into buying his cement factory, falsely stated that his factory is capable of producing 2,000 kg of cement per day. However, in reality, the factory only has a production capacity of 500 kg/ day. Rahul gets induced and agrees to buy the factory.
Is it a valid contract?Is it legal to do so in a contract?
A legal contract must have a lawful purpose, mutual agreement, consideration, competent parties, and genuine assent to be enforceable. If a contract is breached, you may be able to sue for damages or seek other remedies.
