Purchaser's Default in Financing and Vendor's Lien Dispute
Synthèse Legislator
Généré par l'IAA person who had contracted to purchase real property, which was subject to a vendor's lien, failed to complete the sale and subsequently sued the vendor for the return of the deposit, arguing that the contract was automatically voided due to the non-fulfillment of the suspensive condition that the purchaser obtain financing, while the vendor counterclaimed for damages based on the purchaser's default; the Court of Cassation quashed the lower court's decision because, while the non-performance of the suspensive condition generally voids the contract, the purchaser's failure to pursue the financing diligently, constituting a fault, justified the vendor's claim for damages for non-execution, thereby permitting the lower court to assess the respective claims based on the actual conduct of the parties.
Regeste Legislator
Généré par l'IAPurchaser's Default in Financing and Vendor's Lien Dispute: A person who had contracted to purchase real property, which was subject to a vendor's lien, failed to complete the sale and subsequently sued the vendor for the return of the deposit, arguing that the contract was automatically voided due to the non-fulfillment of the suspensive condition that the purchaser obtain financing, while the vendor counterclaimed for damages based on the purchaser's default; the Court of Cassation quashed the lower court's decision because, while the non-performance of the suspensive condition generally voids the contract, the purchaser's failure to pursue the financing diligently, constituting a fault, justified the vendor's claim for damages for non-execution, thereby permitting the lower court to assess the respective claims based on the actual conduct of the parties.