JURITEXT000006962886 Généré par l'IA

Seller v. Buyer: Forfeiture of Deposit Upon Breach of Land Sale Contract

Numéro de cause JURITEXT000006962886

Autorité / Tribunal Cour de cassation

Juridiction

France (FR)

Date de la décision 1963-05-24

Issue du litige annulled

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Synthèse Legislator

Généré par l'IA

A party contracted for the sale of land and paid a deposit, but subsequently refused to execute the final deed, leading the seller to seek judicial resolution and forfeiture of the deposit; the court held that where a contract includes a penalty clause stipulating the forfeiture of a deposit upon the buyer's failure to complete the sale, the judge cannot, pursuant to the relevant civil code article, reduce the stipulated penalty, even if the deposit appears excessive relative to the prejudice suffered by the seller, thereby upholding the forfeiture of the deposit.

Regeste Legislator

Généré par l'IA

Seller v. Buyer: Forfeiture of Deposit Upon Breach of Land Sale Contract: A party contracted for the sale of land and paid a deposit, but subsequently refused to execute the final deed, leading the seller to seek judicial resolution and forfeiture of the deposit; the court held that where a contract includes a penalty clause stipulating the forfeiture of a deposit upon the buyer's failure to complete the sale, the judge cannot, pursuant to the relevant civil code article, reduce the stipulated penalty, even if the deposit appears excessive relative to the prejudice suffered by the seller, thereby upholding the forfeiture of the deposit.