Buyer's Failure to Secure Loan Justifies Termination of Real Property Contract

A contract for the sale of real property, which stipulated that the final act of sale would be executed before a specific notary chosen by the buyer, was terminated because the buyer failed to procure the necessary loan commitment within the agreed-upon timeframe, a condition precedent to the final sale. The court upheld the lower court's decision, reasoning that the stipulation designating the buyer's notary did not relieve the buyer of their obligation to secure financing by the specified date, and therefore, the buyer's failure to meet this essential deadline justified the seller's unilateral termination of the preliminary agreement.