Law: Contract, Act, 1872

Section: 51

Law: Transfer of Property Act, 1882

Section: 54

Law: Specific Relief Act, 1877

Section: 12

(a) Contract Act (IX of 1872)--- ----S. 51---Transfer of Property Act (IV of 1882), S. 54---Specific Relief Act (I of 1877), S. 12---Agreement to sell immoveable property---Failure to pay balance consideration within the time stipulated in the agreement---Forfeiture of earnest money---Scope---To avoid making payment of balance sale consideration the vendee could not import or press any condition extraneous to the conscious bargain struck between the parties---In cases arising out of sale of immovable property, a vendee seeking specific performance had to demonstrate his readiness and willingness to perform his part of reciprocal obligation as to payment of balance sale consideration---In the first place, willingness to perform ones contract in respect of purchase of property implied the capacity to pay the requisite sale consideration within the reasonable time---In the second place, even if he had the capacity to pay the sale consideration, the question still remained whether he had the intention to purchase the property---In the present case the plaintiff-vendee on one hand failed to offer sale consideration within the agreed period; secondly he did not tender the said amount despite order of the Trial Court, and even after his suit for specific performance was dismissed, he made no effort to deposit the balance consideration---In such circumstances the plaintiff was not entitled to return of his earnest money, however out of sheer benevolence defendants-appellants each agreed to refund 50% of the earnest amount received by them to the plaintiff as a humane consideration---Supreme Court after recording its appreciation for the conduct of the defendants, displaying grace toward the plaintiff, directed each defendant to refund 50% of the earnest money received by them to the plaintiff through pay order within 45 days---Appeal was allowed with the said modification. Abdul Hamid v. Abbas Bhai, Abdul Hussain PLD 1959 (W.P.) Kar. 629 and Space Telecommunication (Pvt.) Ltd. v. Pakistan Telecommunication Authority 2019 SCMR 101 ref. (b) Contract Act (IX of 1872)--- ----S. 55---Transfer of Property Act (IV of 1882), S. 54---Agreement to sell immoveable property---Time…

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