Unilateral Promise to Sell Land Requiring Formal Acceptance
Synthèse Legislator
Généré par l'IAA lower court had correctly determined that a contract for the sale of an agricultural field, which was entered into following a prior agreement to sell the land to the plaintiff, was unenforceable because the prior agreement constituted a promise to sell that, as a unilateral promise, required formal notification of acceptance by the beneficiary to bind the promisor, and since the plaintiff failed to formally accept the offer before the specified deadline, the subsequent contract with a third party remained valid.
Regeste Legislator
Généré par l'IAUnilateral Promise to Sell Land Requiring Formal Acceptance: A lower court had correctly determined that a contract for the sale of an agricultural field, which was entered into following a prior agreement to sell the land to the plaintiff, was unenforceable because the prior agreement constituted a promise to sell that, as a unilateral promise, required formal notification of acceptance by the beneficiary to bind the promisor, and since the plaintiff failed to formally accept the offer before the specified deadline, the subsequent contract with a third party remained valid.