Sale Contract Conditional on Administrative Authorization Not Finalized After Refusal
Synthèse Legislator
Généré par l'IAA contractual agreement for the sale of a building, stipulated as being subject to obtaining a necessary administrative authorization, was deemed not to have been finalized when the purchaser, having received a refusal of the authorization, sought to withdraw from the obligation, despite the seller's subsequent administrative approval; the court held that the condition precedent (the administrative authorization) was not fulfilled within the timeframe agreed upon or reasonably implied, meaning the contract never reached full legal force, thus justifying the purchaser's refusal to proceed with the sale.
Regeste Legislator
Généré par l'IASale Contract Conditional on Administrative Authorization Not Finalized After Refusal: A contractual agreement for the sale of a building, stipulated as being subject to obtaining a necessary administrative authorization, was deemed not to have been finalized when the purchaser, having received a refusal of the authorization, sought to withdraw from the obligation, despite the seller's subsequent administrative approval; the court held that the condition precedent (the administrative authorization) was not fulfilled within the timeframe agreed upon or reasonably implied, meaning the contract never reached full legal force, thus justifying the purchaser's refusal to proceed with the sale.