Krishan and Som enter into a contract for the sale of a house under construction Som promises to Kri......

Krishan and Som enter into a contract for the sale of a house under construction, Som promises to Krishan that the house would be handed over to krishan by 07.01.2013 at a price of $ 20,00,000/-. The agreement to sell is duly registered. Subsequently, Krishan enters into a contract with Ramesh wherein amesh agrees to buy the same house from Krishan by paying 20% extra on the contract price between Krishan and Som. On 09.11.2012, Ramesh comes to know that Krishan and Som have reached a verbal understanding that due to a slide in the market, Krishan will now pay $ 15,00,000/-.

(i) Decide if the subsequent verbal agreement between Krishan and Som can be proved in a suit between them.

(ii) Decide if the subsequent verbal agreement between Krishan and Som can be proved in a suit between Ramesh and Krishan.     (10 marks)

By: santosh