I feel I signed an agreement to sell my home which exploited me. I am a widow, with poor Hebrew and little experience of business or the property market. I sold my home to my brother-in-law. Can I cancel the agreement ?By: דיאנה שאלתיאל•Published on: 10 May, 2022
Under the 1973 Contracts Law (General Part) an agreement may be cancelled if there is a basic fault in its formation. Exploitation , if proved, is regarded as a basic fault. Three elements must be proved – firstly, the existence of an extreme situation of distress or weakness (mental, physical or lack of experience), secondly, the exploitation of this by the other side, and finally, a very one – sided business deal.