Validity of Preliminary Sale Agreement for Future Property

A contract for the sale of a future property, executed as a preliminary agreement, was deemed validly concluded and binding, despite the property not yet existing at the time of the agreement, because the object of the sale, although future, was determinate and capable of coming into existence. The court confirmed that a contract relating to a future thing is valid under the condition that the thing can legally form the subject matter of a contract, and thus upheld the binding nature of the preliminary sale agreement for the property that was yet to be constructed.