Purchaser's Failure to Waive Condition Precedent in Land Sale Contract

Purchaser's Failure to Waive Condition Precedent in Land Sale Contract: A legal entity, having contracted to purchase land with the stipulation that the sale was subject to obtaining necessary administrative authorization within a specific timeframe, subsequently argued that the seller could not enforce the contract due to the authorization not being obtained, even though the delay was attributable to the purchaser's failure to submit the required application promptly; the court quashed the lower court's decision, reasoning that the condition precedent, intended solely for the benefit of the purchaser, was deemed waived or forfeited when the purchaser failed to fulfill the obligation necessary to trigger the time limit for obtaining the authorization, thereby allowing the seller to demand execution of the sale.