Can sale deed be cancelled?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 October 2018
My father is seliing a plot of land next month for which the buyer is giving -
25% of Sales Consideration on the date of sale deed and
Remaining 75% through post dated cheques of year 2019.
I want to know whether a sale deed can be cancelled if post dated cheques get dishonored?
What necessary points should we mention in the sale deed for safeguarding us due to any possible fraud or cheat in the future (cheque bounce)?
Thanks
25% of Sales Consideration on the date of sale deed and
Remaining 75% through post dated cheques of year 2019.
I want to know whether a sale deed can be cancelled if post dated cheques get dishonored?
What necessary points should we mention in the sale deed for safeguarding us due to any possible fraud or cheat in the future (cheque bounce)?
Thanks
Nikhil Kaushik
(Expert)
15 October 2018
any particular reason why you are accepting payments after execution of the sale deed?
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