JURITEXT000006956492 Généré par l'IA

Waiver of Suspensive Condition Precedent in Share Sale

Numéro de cause JURITEXT000006956492

Autorité / Tribunal Cour de cassation

Juridiction

France (FR)

Date de la décision 1961-04-20

Issue du litige Rejeté (Dismissed)

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Synthèse Legislator

Généré par l'IA

A purchaser of shares, having been informed that a contract for the sale of those shares was subject to a suspensive condition precedent regarding authorization from a supervisory authority, was found to have waived the condition when they executed the contract without raising any objection after being officially notified that the condition had not been met, leading the court to reject the appeal as the execution of the agreement demonstrated a clear intention to proceed irrespective of the fulfillment of the condition.

Regeste Legislator

Généré par l'IA

Waiver of Suspensive Condition Precedent in Share Sale: A purchaser of shares, having been informed that a contract for the sale of those shares was subject to a suspensive condition precedent regarding authorization from a supervisory authority, was found to have waived the condition when they executed the contract without raising any objection after being officially notified that the condition had not been met, leading the court to reject the appeal as the execution of the agreement demonstrated a clear intention to proceed irrespective of the fulfillment of the condition.