4. Stipulated Right of Revocation

Q1542: I sold a residential flat on the condition that I have the right to withdraw from the deal and sell it to another person at the market price if the first buyer did not turn up at the property registration office to exchange the contract, pay the outstanding amount, and take possession of the flat. By default of the first buyer, I revoked the sale and sold the flat to another person. Is the second deal valid?

A: There is no harm in revoking the sale and selling the property to another buyer in accordance with the provisions of the contract which are binding on both parties of the contract.