Contract Stipulation Benefit Acceptance Retroactive Validation
Synthèse Legislator
Généré par l'IAA contract for the sale of property, made in the form of a private instrument, which was later subject to a stipulation for the benefit of a third party who accepted this benefit, was deemed definitively concluded between the parties despite the third party's later refusal to execute the agreement, because the acceptance by the intended beneficiary retroactively validated the contract from the date of the original stipulation, and the initial contracting parties could no longer unilaterally revoke the agreement after such acceptance.
Regeste Legislator
Généré par l'IAContract Stipulation Benefit Acceptance Retroactive Validation: A contract for the sale of property, made in the form of a private instrument, which was later subject to a stipulation for the benefit of a third party who accepted this benefit, was deemed definitively concluded between the parties despite the third party's later refusal to execute the agreement, because the acceptance by the intended beneficiary retroactively validated the contract from the date of the original stipulation, and the initial contracting parties could no longer unilaterally revoke the agreement after such acceptance.