Rescission of Sale for Unjustified Refusal to Pay Final Installment
Synthèse Legislator
Généré par l'IAA contract involving the sale of an estate stipulated that the purchase price was to be paid in installments, with the final installment due upon the official signing of the final deed, contingent upon the seller providing clear title; however, the buyer subsequently refused to pay the final installment, claiming the existence of a servitude, despite the seller's provision of the title documents and the buyer's prior acceptance of the property's condition, leading the court to rule that the buyer's unjustified refusal to execute the final act constituted a breach, upholding the lower court's decision to order the rescission of the sale and the forfeiture of the installments already paid by the buyer.
Regeste Legislator
Généré par l'IARescission of Sale for Unjustified Refusal to Pay Final Installment: A contract involving the sale of an estate stipulated that the purchase price was to be paid in installments, with the final installment due upon the official signing of the final deed, contingent upon the seller providing clear title; however, the buyer subsequently refused to pay the final installment, claiming the existence of a servitude, despite the seller's provision of the title documents and the buyer's prior acceptance of the property's condition, leading the court to rule that the buyer's unjustified refusal to execute the final act constituted a breach, upholding the lower court's decision to order the rescission of the sale and the forfeiture of the installments already paid by the buyer.