Automatic Termination of Land Sale Contract Due to Unfulfilled Condition Precedent

A contract for the sale of land, concluded under the condition precedent that the buyer obtain the necessary building permits, was deemed to have been automatically terminated when the specified deadline for obtaining the permits passed without their issuance, as the failure to meet the condition rendered the obligation of the seller impossible to fulfill. The court affirmed that when a suspensive condition in a contract is not met within the agreed timeframe, the obligation fails retroactively, thereby legally extinguishing the contract of sale without the need for a formal judicial resolution or declaration of rescission.