Seller's Failure to Notify Buyer of Pre-emption Waiver Justifies Sale Annulment
Synthèse Legislator
Généré par l'IAA litigant, having purchased property subject to a right of pre-emption held by another party, sued the seller, demanding that the sale be annulled based on the seller's failure to notify them of the pre-emptive right holder's refusal to purchase, but the court of first instance rejected the claim, which was upheld by the appellate court, leading to a cassation by the high court which ruled that the failure of the seller to inform the buyer of the pre-emptive right holder's decision not to exercise their right, as required by the relevant statute, constituted a breach of the obligation to provide clear and precise information, thereby justifying the buyer's request for nullification of the sale.
Regeste Legislator
Généré par l'IASeller's Failure to Notify Buyer of Pre-emption Waiver Justifies Sale Annulment: A litigant, having purchased property subject to a right of pre-emption held by another party, sued the seller, demanding that the sale be annulled based on the seller's failure to notify them of the pre-emptive right holder's refusal to purchase, but the court of first instance rejected the claim, which was upheld by the appellate court, leading to a cassation by the high court which ruled that the failure of the seller to inform the buyer of the pre-emptive right holder's decision not to exercise their right, as required by the relevant statute, constituted a breach of the obligation to provide clear and precise information, thereby justifying the buyer's request for nullification of the sale.