Sale of Encumbered Property Without Disclosure: Usufruct Knowledge Presumed
Synthèse Legislator
Généré par l'IAA property owner, having granted a usufruct over their property to another party, subsequently sold the naked ownership of that property without mentioning the existing usufruct, leading the buyer to claim they were misled and seek the annulment of the sale, but the court upheld the lower court's decision denying annulment because the existence of a usufruct on the property, being a real right registered in public records, constitutes a visible encumbrance that the buyer is presumed to have knowledge of, thus precluding a claim of fraudulent misrepresentation based on the seller's omission.
Regeste Legislator
Généré par l'IASale of Encumbered Property Without Disclosure: Usufruct Knowledge Presumed: A property owner, having granted a usufruct over their property to another party, subsequently sold the naked ownership of that property without mentioning the existing usufruct, leading the buyer to claim they were misled and seek the annulment of the sale, but the court upheld the lower court's decision denying annulment because the existence of a usufruct on the property, being a real right registered in public records, constitutes a visible encumbrance that the buyer is presumed to have knowledge of, thus precluding a claim of fraudulent misrepresentation based on the seller's omission.