Contract Formation and Rescission for Non-Payment of Property Sale

A plaintiff sued a defendant, alleging the defendant had breached a contract for the sale of property by failing to remit the agreed-upon price, despite the plaintiff having fulfilled their obligations, and sought rescission of the sale and damages. The lower court dismissed the claim, finding that the contract was not definitively formed because the parties had not yet agreed on a specific date for the final deed execution. The highest court, however, ruled that the trial court erred because the essential elements of the sale, namely the object and the price, were determined, rendering the contract perfect and legally binding; consequently, the non-performance of the obligation to pay the price justified the claim for rescission and damages.