Unilateral Promise to Sell Conditional on Financing Not Met

A lower court had determined that a promise to sell property, made under the condition that the promisee obtained a mortgage within a specified timeframe, was void because the required notice for a unilateral promise to sell was not delivered to the prospective buyer, thus rendering the seller’s obligation to sell unenforceable. The highest court rejected the appeal, confirming that the condition precedent, specifically the obtaining of financing, had not been met within the stipulated period, and consequently, the unilateral promise to sell had not resulted in a definitive contract, thereby upholding the lower court's finding of unenforceability due to the unmet condition and lack of proper formal notice.