Harris, on learning this, sues to have the sale set aside on the ground that it was voidable because of fraud. Result
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Harris owned a farm that was worth about $600 per acre. By false representations of fact, Harris induced Pringle to buy the farm at $1,500 per acre. Shortly after taking possession of the farm, Pringle discovered oil under the land. Harris, on learning this, sues to have the sale set aside on the ground that it was voidable because of fraud. Result? |
Explanation
The sale cannot be avoided by Individual H because of the inclusion of terms that are fraudulent in nature.Even though the actual value of the farm is $600, it is sold at a very high price of $1,500 without revealing the facts to the purchaser,Individual P. But still,Individual P must have been happy with the purchase after discovering oil. So, it is depends on Individual P to pursue with the action to void the contract or not. Otherwise,Individual H has no authority or power.
Sample Response
Individual H's action of terminating the sale with Individual P is incorrect because there is an act of fraud and misinterpretation of facts by IndividualH and the contract can be void by Individual P only.
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