Sale of Land Contract Voided by Failure to Obtain Building Permits
Synthèse Legislator
Généré par l'IAA contract for the sale of land, concluded on the condition precedent that the buyer obtain the necessary building permits, was deemed void *ab initio* because the buyer failed to make a formal application for the required permits within the agreed upon timeframe, which the court interpreted as a failure to fulfill the necessary condition, thereby extinguishing the seller's obligation to convey the property.
Regeste Legislator
Généré par l'IASale of Land Contract Voided by Failure to Obtain Building Permits: A contract for the sale of land, concluded on the condition precedent that the buyer obtain the necessary building permits, was deemed void *ab initio* because the buyer failed to make a formal application for the required permits within the agreed upon timeframe, which the court interpreted as a failure to fulfill the necessary condition, thereby extinguishing the seller's obligation to convey the property.