Seller Waives Contractual Deadline Through Acquiescence to Partial Performance
Synthèse Legislator
Généré par l'IAA property owner, having sold land under the condition that the buyer construct buildings within a specified period, sought to reclaim the property when the construction deadline passed without completion, arguing the condition precedent to the transfer of ownership had failed; however, the court upheld the lower court's finding that the seller's subsequent failure to object to the buyer's partial performance over an extended period constituted a tacit waiver of the strict adherence to the contractual deadline, thereby validating the sale and precluding the resolution of the contract based on the uninvoked condition.
Regeste Legislator
Généré par l'IASeller Waives Contractual Deadline Through Acquiescence to Partial Performance: A property owner, having sold land under the condition that the buyer construct buildings within a specified period, sought to reclaim the property when the construction deadline passed without completion, arguing the condition precedent to the transfer of ownership had failed; however, the court upheld the lower court's finding that the seller's subsequent failure to object to the buyer's partial performance over an extended period constituted a tacit waiver of the strict adherence to the contractual deadline, thereby validating the sale and precluding the resolution of the contract based on the uninvoked condition.