Sale of Land Contract Termination for Unfulfilled Suspensive Condition
Synthèse Legislator
Généré par l'IAA contract for the sale of land, concluded under a suspensive condition that was not fulfilled by the stipulated deadline, was deemed to be automatically terminated without the need for a formal notice or any judicial intervention, as the contract explicitly provided for automatic rescission in the event the condition failed to materialize by the fixed date.
Regeste Legislator
Généré par l'IASale of Land Contract Termination for Unfulfilled Suspensive Condition: A contract for the sale of land, concluded under a suspensive condition that was not fulfilled by the stipulated deadline, was deemed to be automatically terminated without the need for a formal notice or any judicial intervention, as the contract explicitly provided for automatic rescission in the event the condition failed to materialize by the fixed date.