Business Law

Hubert is a solicitor in an old, established and respected law firm. Cyril is a long standing client and friend, who has long entrusted some of his most delicate family matters to Hubert.
In the course of advising Cyril as to how best invest his large amounts of money, Hubert suggests that, after five years, a particular piece of property will probably be worth much more than it is now. Coincidentally, the property belongs to Hubert’s wife Marion.
Cyril enters into a contract to purchase the property, but before taking possession discovers that it is flood-prone and salt-affected, and that it is highly likely that he will make a loss on resale. Cyril desperately wants to get out of the contract.
Can Cyril do so? What principles of Contract Law govern your answer? Refer to at least one case in support

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