SRA Samples
In March a buyer entered into a contract for the purchase of a children’s nursery because of a fraudulent statement made by the seller in January about the previous year’s sales figures.
In April, after purchasing the nursery, the buyer employed a builder to carry out extensive building works to the nursery including demolishing outbuildings and adding an extension. In May the buyer discovered the fraudulent statement was false and decided that he wished to rescind the contract.
Could the buyer rescind the contract?
In March a buyer entered into a contract for the purchase of a children’s nursery because of a fraudulent statement made by the seller in January about the previous year’s sales figures.
In April, after purchasing the nursery, the buyer employed a builder to carry out extensive building works to the nursery including demolishing outbuildings and adding an extension. In May the buyer discovered the fraudulent statement was false and decided that he wished to rescind the contract.
Could the buyer rescind the contract?
No, because restitution is impossible.
D - No, because restitution is impossible.
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