Seller's Promise to Sell Versus Notarial Requirement
Synthèse Legislator
Généré par l'IAA dispute arose concerning the enforceability of a contract for the sale of real property, where the seller later claimed the written agreement was invalid because it was not executed before a notary, which is a requirement for property transfers, but the court upheld the validity of the preliminary agreement, reasoning that while a formal notarial act is necessary for the final transfer of ownership rights in real estate, a simple signed promise to sell, evidencing a meeting of the minds on the object and the price, constitutes a binding contract enforceable between the parties, even if the transfer itself has not yet occurred through the required formal deed.
Regeste Legislator
Généré par l'IASeller's Promise to Sell Versus Notarial Requirement: A dispute arose concerning the enforceability of a contract for the sale of real property, where the seller later claimed the written agreement was invalid because it was not executed before a notary, which is a requirement for property transfers, but the court upheld the validity of the preliminary agreement, reasoning that while a formal notarial act is necessary for the final transfer of ownership rights in real estate, a simple signed promise to sell, evidencing a meeting of the minds on the object and the price, constitutes a binding contract enforceable between the parties, even if the transfer itself has not yet occurred through the required formal deed.