Property Sale Contract Termination Due to Failure to Obtain Subdivision Authorization
Synthèse Legislator
Généré par l'IAA contract for the sale of an immovable property, which was made subject to a suspensive condition precedent concerning the obtaining of the necessary administrative authorization for the subdivision of the property, was deemed validly terminated when the purchaser, despite being notified of the refusal of the authorization and being given a final deadline by the seller to fulfill the condition, failed to obtain the authorization or object to the termination within that period, as the court reasoned that the buyer's inaction following the definitive refusal constituted tacit acceptance of the termination of the agreement under the terms of the contract.
Regeste Legislator
Généré par l'IAProperty Sale Contract Termination Due to Failure to Obtain Subdivision Authorization: A contract for the sale of an immovable property, which was made subject to a suspensive condition precedent concerning the obtaining of the necessary administrative authorization for the subdivision of the property, was deemed validly terminated when the purchaser, despite being notified of the refusal of the authorization and being given a final deadline by the seller to fulfill the condition, failed to obtain the authorization or object to the termination within that period, as the court reasoned that the buyer's inaction following the definitive refusal constituted tacit acceptance of the termination of the agreement under the terms of the contract.