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Can buyer claim refund of earnest money due to contract cancellation?


26-Oct-2023 (In Civil Law)
We did and agreement of family property sale in Aug. 2012 with 10% earnest money in cash and 10% earnest money after 3 months also in cash(no cheques).completion of agreement in 1 year i.e. in Aug 2013. In this agreement the clause of possession of land at the time of agreement is mentioned. buyer clean all land, demolish shops in front except our house. but at last buyer can not complete this deal. we send 4 notice for cancellation of deal though lawyer. i want to know that is buyer put any case in court for refund if we again sale our land.
Answers (1)

Answer #1
521 votes
Dear questioner,i find your query bit vague. However, I wanna tell You that there are some modes of revocation of a contract. #Communication of notice of revocation by the other party. # lapse of the time described in such proposal #failure of acceptor to fulfil a condition precedent to acceptance. #death or insanity of the proposer. You may check it out.
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