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Agreement on plain paper will this be valid


22-Apr-2023 (In Property Law)

I have given token amount to seller(2 Lac) for a purchase of flat. Acceptance of token money in on plain paper of token amount(no revenue stamp, no stamp paper). All other terms were verbally. Now seller is changing terms and conditions, in terms how payments are to be made, timelines and etc. Seems like she has intention to fortify the token amount. In Real state terms, since seller is backing out, i should ask for double the token amount. However i am not interest. We have tried speaking to her but she is adamant. I fear loosing money, Please suggest how should i proceed?

Answers (1)

Answer #1
807 votes
You can take your money back. Agreement may be oral written or implied. Anyways, it is binding on parties. If you go to a tea stall and without talking about the contact, you have tea, you still make an implied contract to pay.

In case of any issues, you can ask your money back.

"You asked
I have given token amount to seller(2 Lac) for a purchase of flat. Acceptance of token money in on plain paper of token amount(no revenue stamp, no stamp paper). All other terms were verbally. Now seller is changing terms and conditions, in terms how payments are to be made, timelines and etc. Seems like she has intention to fortify the token amount. In Real state terms, since seller is backing out, i should ask for double the token amount. However i am not interest. We have tried speaking to her but she is adamant. I fear loosing money, Please suggest how should i proceed?"

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