Specific Performance Following Unilateral Promise to Sell Acceptance
Synthèse Legislator
Généré par l'IAA party who contracted to purchase property was held liable for specific performance despite later attempting to withdraw their offer, because the initial agreement was a unilateral promise to sell which had become a definitive bilateral contract upon the other party's timely acceptance, and the promisor's subsequent unilateral revocation before the acceptance was ineffective to extinguish the contractual obligation.
Regeste Legislator
Généré par l'IASpecific Performance Following Unilateral Promise to Sell Acceptance: A party who contracted to purchase property was held liable for specific performance despite later attempting to withdraw their offer, because the initial agreement was a unilateral promise to sell which had become a definitive bilateral contract upon the other party's timely acceptance, and the promisor's subsequent unilateral revocation before the acceptance was ineffective to extinguish the contractual obligation.