Legal Principle: A contract obtained by misrepresentation is voidable at the option of the buyer.Factual Situation: A lady by falsely representing herself to be wife of a millionaire obtains costly necklaces from a jeweler on the pretext of showing them to her husband before buying. She later on pledges them with a broker, who in good faith gives ' 5 lac to the lady. The jeweler on knowing this, files a suit against the broker.Issue: What will be the legal position in this case?Decision:

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Legal Principle: A contract obtained by misrepresentation is voidable at the option of the buyer.<br>Factual Situation: A lady by falsely representing herself to be wife of a millionaire obtains costly necklaces from a jeweler on the pretext of showing them to her husband before buying. She later on pledges them with a broker, who in good faith gives ' 5 lac to the lady. The jeweler on knowing this, files a suit against the broker.<br>Issue: What will be the legal position in this case?<br>Decision:






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