Gunasekera v. Amerasekera – sllr 1993 volume 1 page 170

In the case between the nephew (plaintiff) and the spinster aunt (defendant), the court addressed the applicability of the doctrine of laesio enormis to a property sale at a price significantly lower than market value. It was held that the vendor’s knowledge of the property’s true value, when a substantially reduced price is given out of love and affection, precludes relief under laesio enormis. The principle reaffirmed was that the burden rests on the vendor to establish ignorance of the true value or a price reduction justified by reasons other than affection. The decision relied on established evidentiary standards and property law principles, emphasizing that a voluntary disposition for inadequate consideration, when made with knowledge and independent legal advice, does not attract th

REF: sllr 1993 volume 1 page 170 Category: Tag:
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