A by a misrepresentation leads B to believe erroneously that 750 tons of sugar isproduced per annum at the factory of A. B examines the accounts of the factory, which should havedisclosed, if ordinary diligence had been exercised by B, that only 500 tons had been produced.Thereafter B purchases the factory. Discuss the validity of the contract.
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Fintech, telecommunication and banking institutions are working hand-in-hand to create mobile payment and microlending facilities for financially underbanked users. Numerous online payment and commerce systems incorporated with cellphones have been built to facilitate the ease with which this underserved population can immerse themselves in the digital economy. Examples of popular apps that have been created to foster financial inclusiveness include China’s AliPay and India’s Paytm Wallet, serving 450 million and 122 million users in 2016, respectively.
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