Vendor Right to Repossession Under Retention of Title Clause
Synthèse Legislator
Généré par l'IAA vendor, having sold a movable asset under an agreement that stipulated retention of title until full payment of the price, subsequently initiated an action to reclaim the asset after the buyer defaulted on installment payments. The Court of Cassation quashed the lower court's decision that had dismissed the vendor's claim, reasoning that a simple declaration by the buyer that they intended to contest the validity of the installment sale contract, absent any effective contestation or proof of nullity, did not suspend the vendor's right to enforce the contractual clause retaining title upon non-payment.
Regeste Legislator
Généré par l'IAVendor Right to Repossession Under Retention of Title Clause: The Court of Cassation quashed the lower court's decision that had dismissed the vendor's claim, reasoning that a simple declaration by the buyer that they intended to contest the validity of the installment sale contract, absent any effective contestation or proof of nullity, did not suspend the vendor's right to enforce the contractual clause retaining title upon non-payment.