N.K.Kapoor, J.

1. This is defendant vendees regular second appeal against the judgment and decree of District Judge, Patiala, whereby the appeal filed against the judgment and decree dated 28.9.1987 was dismissed.

2. Briefly put, Punjab Financial Corporation issued an advertisement in the "Daily Tribune" dated 15.6.1980 inviting tender for the sale of movable and immovable property belonging to M/s Neelam Potteries situated on Patiala Road Rajpura through its Managing Director. Rattan Singh plaintiff now represented by the legal representatives submitted an offer for purchase of the property which was considered and accepted in its meeting of the Board of Directors on August 22, 1980, for a down payment of Rs. 1,10,000/-. Sh. Balraj Kumar, Assistant Manager, of the Corporation, was authorised to execute the sale deed on behalf of the Corporation. Rattan Singh was intimated regarding the acceptance of his offer through a letter dated 22.9.1980 who in turn made a request vide letter dated 26.9.1980 for purchase of the necessary stamp paper at his cost and to intimate him the cost of stamp paper to be purchased so that the demand bank draft could be submitted for completion of