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Issues: Whether the plaintiffs proved a concluded oral contract for sale of the immovable property so as to entitle them to specific performance.
Analysis: A contract for sale of immovable property need not be in writing, but where specific performance is sought on the basis of an alleged oral agreement, the burden lies heavily on the plaintiff to prove consensus ad idem and that the vital and fundamental terms had been settled. On the facts, the alleged bargain did not establish settlement of essential terms such as the time and mode of payment of the earnest money, the time for execution and registration of the sale deed, possession, or the obligation regarding statutory clearance. The evidence also showed that the discussions on the later date failed and that the draft receipts did not refer to any already concluded oral agreement. Mere acceptance of the price, without proof that the remaining vital terms were concluded, was insufficient to establish a binding contract.
Conclusion: The plaintiffs failed to prove a concluded oral contract and were not entitled to specific performance.
Ratio Decidendi: In a suit for specific performance based on an oral agreement for sale of immovable property, the plaintiff must strictly prove that all essential contractual terms were concluded; mere agreement on price, without proof of consensus on other vital terms, does not create a binding contract.