Binding Effect of Land Sale Contract Upon Partial Execution of Rights
Synthèse Legislator
Généré par l'IAA contract for the sale of land, where the buyer was granted an immediate right of entry to begin preliminary work prior to the formal execution of the deed, was deemed to have a binding effect on the seller, notwithstanding that the final transfer of title had not yet occurred; the court ruled that because the buyer had exercised the agreed-upon right of entry and taken possession to commence defined work, the seller could not unilaterally withdraw from the agreement, as the contract was already perfected by the agreement on the thing and the price, and the partial execution of associated rights conferred immediate obligations.
Regeste Legislator
Généré par l'IABinding Effect of Land Sale Contract Upon Partial Execution of Rights: A contract for the sale of land, where the buyer was granted an immediate right of entry to begin preliminary work prior to the formal execution of the deed, was deemed to have a binding effect on the seller, notwithstanding that the final transfer of title had not yet occurred; the court ruled that because the buyer had exercised the agreed-upon right of entry and taken possession to commence defined work, the seller could not unilaterally withdraw from the agreement, as the contract was already perfected by the agreement on the thing and the price, and the partial execution of associated rights conferred immediate obligations.