Hey Guys,
The doctrine of Estoppel by deed, which is dealt with in Sections 115 to 117 of the Indian Evidence Act of 1872, forbids a person from providing false evidence by making contradictory remarks in a court of law. I am aware of this doctrine, as I have heard it from my father who was once a high court judge.
Need help understanding property documents? Want to conduct due diligence of property? Check NoBroker legal services Get the best tenant plans for renting without any brokerage cost at NoBrokerThis philosophy aims to prevent fraud against another person from being committed by one person. According to this, a person is responsible for whatever incorrect statements he makes, whether they were spoken or demonstrated via their actions.
What is Estoppel by Deed?Estoppel is defined in Section 115 of the Indian Evidence Act, 1872 as the situation in which one person, through an act, omission, or declaration, has caused another person to believe something to be true and convince that person to act on it. In no circumstance can that person or his representative later in the lawsuit or in the proceedings deny the truth of that thing. Estoppel, which simply implies one cannot contradict, dispute, or proclaim untrue the prior statement made by him in court, is a legal concept.
What are the Estoppel by deed examples in real estate:
A real estate contract is one in which the parties agree to the purchase, sale, exchange, or transfer of the real estate, such as land, buildings, etc. The laws of the state to which the specific land belongs apply to the sale and acquisition of the land(s). Similar to those required in contracts under the Indian Contract Act of 1872, the fundamental factors necessary to bring such a contract into force are the same.
Estoppel in a real estate transaction simply implies that the parties would be legally bound by the estoppel letter issued by the association or its management business. These letters would list the dues, other assessments, and fees that the closing owner owes and the incoming owner is liable for paying.
I would like to conclude my discussion here about the doctrine of Estoppel by deed. I hope this helps :)
Read More:
What is an Estoppel Certificate? Can tenant claim adverse possession?Your Feedback Matters! How was this Answer?
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What is Estoppel by Deed?
pratima
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2022-09-02T20:44:32+00:00 2022-09-02T20:44:33+00:00Comment
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