Sale Rescission Based on Lack of Public Notice of Transfer Delay in Final Deed
Synthèse Legislator
Généré par l'IAA contract for the sale of a house stipulated a delay in transfer for the seller to finish construction, and the buyer subsequently rescinded the sale based on the lack of prior public notice of the transfer delay, as required by law for certain sales. The court of cassation quashed the lower court's decision, reasoning that the statutory provision requiring public notice of a delay in transfer only applies when the delay is stipulated in the preliminary promise to sell, not the final deed of sale, and thus, the buyer was not legally entitled to unilaterally rescind the final contract on that basis.
Regeste Legislator
Généré par l'IASale Rescission Based on Lack of Public Notice of Transfer Delay in Final Deed: The court of cassation quashed the lower court's decision, reasoning that the statutory provision requiring public notice of a delay in transfer only applies when the delay is stipulated in the preliminary promise to sell, not the final deed of sale, and thus, the buyer was not legally entitled to unilaterally rescind the final contract on that basis.