Contract Dissolution Upon Failure of Condition Precedent

A contract for the sale of land, concluded under the condition precedent that the buyer obtain necessary municipal authorization for development within a specific timeframe, was deemed to have been dissolved automatically upon the expiration of that period without the authorization being secured. The court rejected the buyer's claim that the seller was obligated to notify the buyer of the non-fulfillment of the condition, reasoning that the contract stipulated the condition's failure automatically terminated the agreement, making further notice unnecessary for the dissolution to take effect.