Sale Stipulation Voiding Upon Buyer's Death Held Invalid as Disguised Prohibition on Alienation
Synthèse Legislator
Généré par l'IAA contractual stipulation voiding a sale in the event of the buyer's death before the final payment, despite the seller having received partial payments, was deemed by the court to constitute a disguised prohibition on alienation, which is contrary to the fundamental property right of free disposal, leading the court to reject the seller's claim to void the sale upon the buyer's death before final payment, as such a clause infringes upon the owner's right to transfer their property.
Regeste Legislator
Généré par l'IASale Stipulation Voiding Upon Buyer's Death Held Invalid as Disguised Prohibition on Alienation: A contractual stipulation voiding a sale in the event of the buyer's death before the final payment, despite the seller having received partial payments, was deemed by the court to constitute a disguised prohibition on alienation, which is contrary to the fundamental property right of free disposal, leading the court to reject the seller's claim to void the sale upon the buyer's death before final payment, as such a clause infringes upon the owner's right to transfer their property.