147. Instances of fraud or misrepresentation giving rise to rescission.

The sale of the share of one partner to another on the footing of a balance sheet prepared by the vendor's accountant and believed by both parties to be substantially correct may be set aside on proof that the balance sheet was grossly inaccurate and placed too high a value on the assets1. A purchase of a partner's share at an undervalue by a partner who kept the books and knew and concealed from his partner the inadequacy of consideration may be declared void and set aside2. This relief will not, however, be given when there has been no