Buyer's Election of Damages Bars Subsequent Rescission Claim
Synthèse Legislator
Généré par l'IAA contract was entered into for the sale of land with a clause stipulating the seller was obligated to secure a right of way across an adjacent property, and if unable to do so within a specified time, the sale would be automatically rescinded without fault; however, the buyer subsequently initiated a lawsuit seeking only damages, not rescission, after the deadline passed without the right of way being obtained, and the court held that the buyer's pursuit of damages constituted an unequivocal acceptance of the contract's execution despite the non-fulfillment of the resolutory condition, thereby precluding the buyer from later seeking the automatic rescission stipulated in the agreement.
Regeste Legislator
Généré par l'IABuyer's Election of Damages Bars Subsequent Rescission Claim: A contract was entered into for the sale of land with a clause stipulating the seller was obligated to secure a right of way across an adjacent property, and if unable to do so within a specified time, the sale would be automatically rescinded without fault; however, the buyer subsequently initiated a lawsuit seeking only damages, not rescission, after the deadline passed without the right of way being obtained, and the court held that the buyer's pursuit of damages constituted an unequivocal acceptance of the contract's execution despite the non-fulfillment of the resolutory condition, thereby precluding the buyer from later seeking the automatic rescission stipulated in the agreement.