Lessee's Death Does Not Nullify Option to Purchase Acceptance
Synthèse Legislator
Généré par l'IAA lessee, who had been granted a lease with an option to purchase, exercised this option by letter but subsequently died before the sale could be formalized, leading the lessor to claim that the contract was dissolved due to the lessee's death, as the exercise of the option merely created a unilateral promise to sell which required acceptance to form a bilateral contract of sale. The court ruled that the unilateral declaration of intent to purchase by the lessee, in accordance with the option clause, constituted an unequivocal acceptance that formed a definitive bilateral contract of sale at that moment, meaning the subsequent death of the lessee did not nullify the already concluded agreement, thus requiring the lessor to proceed with the transfer of ownership to the deceased's heirs.
Regeste Legislator
Généré par l'IALessee's Death Does Not Nullify Option to Purchase Acceptance: The court ruled that the unilateral declaration of intent to purchase by the lessee, in accordance with the option clause, constituted an unequivocal acceptance that formed a definitive bilateral contract of sale at that moment, meaning the subsequent death of the lessee did not nullify the already concluded agreement, thus requiring the lessor to proceed with the transfer of ownership to the deceased's heirs.