'A' & 'B' orally agree to sell an estate. 'A' dishonestly induces 'B' to make advance payment of Rs. 5 lacs and make final payment at the execution of conveyance. 'B' pays advance amount. Later on, at the request of 'B' to execute the conveyance, 'A' denies the agreement as well as the receipt of any amount. What offence has been committed by 'A'?
1
Offence under Section 403 Indian Panel Code
2
Offence under Section 406 Indian Penal Code
3
Offence under Section 420 Indian Penal Code
4
Offence under Section 420 & 465 Indian Penal Code.