Sale of Property with Contractual Right of Redemption Period Overriding Statutory Limit
Synthèse Legislator
Généré par l'IAA lower court incorrectly determined that a sale of real property, subject to a right of redemption, was only subject to the one-year time limit for exercising that right, despite the contract explicitly providing for a longer redemption period, because the court of cassation ruled that when a contract for the sale of property includes a resolutory condition, such as a right of redemption, the contractual time limit agreed upon by the parties must be respected, and the statutory period only applies if the parties have not stipulated a specific duration.
Regeste Legislator
Généré par l'IASale of Property with Contractual Right of Redemption Period Overriding Statutory Limit: A lower court incorrectly determined that a sale of real property, subject to a right of redemption, was only subject to the one-year time limit for exercising that right, despite the contract explicitly providing for a longer redemption period, because the court of cassation ruled that when a contract for the sale of property includes a resolutory condition, such as a right of redemption, the contractual time limit agreed upon by the parties must be respected, and the statutory period only applies if the parties have not stipulated a specific duration.