Where a decree for specific performance of a contract for sale of immovable property has been made and the purchaser within the period allowed by the court does not pay the purchase money which the court has ordered him to pay:
A. The vendor may apply in the same suit in which the decree is made, to have the contract rescinded
B. The purchaser may apply in the same suit in which the decree is made to have the contract rescinded and for a direction to the vendor to refund the earnest money/advance consideration received till then along with cost of the suit
C. The vendor can forfeit the earnest money
D. The vendor has to file a fresh suit for recovery of purchase money
Answer: Option A

Join The Discussion