A' and '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'?

Correct Answer: Offence under Section 420, Indian Penal Code