Vendor Seeks Rescission Due to Unobtained Building Permit
Synthèse Legislator
Généré par l'IAA vendor, after failing to secure an essential building permit for a plot of land sold with a clause requiring the acquisition of said permit, sought to have the sale nullified and the property returned, arguing the permit was a condition precedent to the contract's execution, but the court rejected the appeal because the condition related to the final use of the property rather than its very existence or immediate transferability, and the failure to obtain the permit constituted a breach of a mere obligation to achieve a certain result post-sale, for which the remedy was damages rather than contract rescission.
Regeste Legislator
Généré par l'IAVendor Seeks Rescission Due to Unobtained Building Permit: A vendor, after failing to secure an essential building permit for a plot of land sold with a clause requiring the acquisition of said permit, sought to have the sale nullified and the property returned, arguing the permit was a condition precedent to the contract's execution, but the court rejected the appeal because the condition related to the final use of the property rather than its very existence or immediate transferability, and the failure to obtain the permit constituted a breach of a mere obligation to achieve a certain result post-sale, for which the remedy was damages rather than contract rescission.