Promise to Sell vs. Subsequent Sale of Property
Synthèse Legislator
Généré par l'IAA lower court annulled a sale of property, finding that the buyer, despite having a valid promise to sell, failed to demonstrate that the seller had been formally put in default before the seller entered into a subsequent agreement to sell the same property to a third party, which constituted an error of law because the seller's subsequent commitment to another party, made while the first buyer still held a valid option, was sufficient to justify a judicial decision favoring the initial promisee.
Regeste Legislator
Généré par l'IAPromise to Sell vs. Subsequent Sale of Property: A lower court annulled a sale of property, finding that the buyer, despite having a valid promise to sell, failed to demonstrate that the seller had been formally put in default before the seller entered into a subsequent agreement to sell the same property to a third party, which constituted an error of law because the seller's subsequent commitment to another party, made while the first buyer still held a valid option, was sufficient to justify a judicial decision favoring the initial promisee.