Seller's Termination Annulled Due to Abuse of Right in Condition Precedent Failure
Synthèse Legislator
Généré par l'IAA party contracted to purchase a commercial property, signing a preliminary agreement that included a clause for automatic termination if the condition precedent of obtaining necessary administrative authorizations was not met by a specified date, but the buyer failed to fulfill the prerequisite step of filing the required application within a reasonable timeframe, leading the seller to unilaterally terminate the agreement citing the unfulfilled condition. The court held that the party whose cooperation was necessary for the fulfillment of a condition precedent, and who failed to take the required steps within a reasonable time, could not invoke the non-fulfillment of that condition as a ground for terminating the contract, as this would constitute an abuse of right, thus justifying the annulment of the seller's unilateral termination.
Regeste Legislator
Généré par l'IASeller's Termination Annulled Due to Abuse of Right in Condition Precedent Failure: The court held that the party whose cooperation was necessary for the fulfillment of a condition precedent, and who failed to take the required steps within a reasonable time, could not invoke the non-fulfillment of that condition as a ground for terminating the contract, as this would constitute an abuse of right, thus justifying the annulment of the seller's unilateral termination.