JURITEXT000006952982 Généré par l'IA

Seller's Termination of Fixed-Term Business Sale Contract for Buyer's Non-Payment Upheld

Numéro de cause JURITEXT000006952982

Autorité / Tribunal Cour de cassation

Juridiction

France (FR)

Date de la décision 1960-01-06

Issue du litige Rejeté (Dismissed)

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Synthèse Legislator

Généré par l'IA

A contract for the sale of a business, stipulated to be for a fixed term, was validly terminated by the seller upon the buyer's failure to pay the agreed-upon installments by the specified due dates, even without a formal notice to pay being sent, because the payment obligation was a principal obligation under the contract, allowing for automatic dissolution based on the express terms of the agreement concerning delayed payment, which the court upheld as a proper application of contract law.

Regeste Legislator

Généré par l'IA

Seller's Termination of Fixed-Term Business Sale Contract for Buyer's Non-Payment Upheld: A contract for the sale of a business, stipulated to be for a fixed term, was validly terminated by the seller upon the buyer's failure to pay the agreed-upon installments by the specified due dates, even without a formal notice to pay being sent, because the payment obligation was a principal obligation under the contract, allowing for automatic dissolution based on the express terms of the agreement concerning delayed payment, which the court upheld as a proper application of contract law.