X offers to sell a painting to Y which X knows is the copy of a well-known master piece. Y, thinking that the painting is the original one, decides to buy it at a very high price. Is this a valid contract?
Friday, January 11, 2008
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According to Contract Act both the parties shall be competent to contract.Here Y is innocent and believed that the painting is original one.
Therefore the this contract is Voidable.
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