Section 19 of the Indian Contract Act, 1872 provides that in an
agreement where consent to an agreement if caused by coercion,
fraud or misrepresentation, such agreement is voidable at the
option of the parties. The exception to the aforesaid section
provides that if such consent was caused by misrepresentation or by
silence, fraudulent within the meaning of Section 17, the contract
is voidable, if the party whose consent was so caused had the means
of discovering the truth with ordinary diligence.
Ordinary diligence or due diligence is an important step before
the purchase of any kind of property i.e. either residential or
commercial. Any buyer going into the market to purchase a property,
looks for certain criteria to evaluate the property. This is
where the role of due diligence of a property comes into play. Due
diligence, in simple terms, means assessment of facts and law to
highlight risk factors which in-turn helps the buyer to decide
whether to purchase/
