Question: A legally binding contract must contain all the required Elements of Contract as stipulated under The Contract Act. Ahmad has signed a SALES contract with

A legally binding contract must contain all the required Elements of Contract as stipulated under The Contract Act. Ahmad has signed a SALES contract with a PROPERTY COMPANY, selling his house for USD

100, 000

CASH when the market value of his house is USD

500, 000 .

Ahmad is in a real need for cash to settle his business problem. Discuss validity of this contract based on both the Legal requirements and the Ethical standards.

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