Sale Contract Validity Against Prior Unilateral Promise to Sell
Synthèse Legislator
Généré par l'IAA seller, who entered into a contract for the sale of property with a buyer and subsequently granted a unilateral promise to sell to a third party, was sued by the first buyer for the execution of the sale; the court rejected the appeal, reasoning that the unilateral promise to sell, which was accepted by the beneficiary before the seller entered into the final deed of sale with the first buyer, constituted a bilateral promise of sale, and because the subsequent sale to the first buyer was not conditioned on the third party's renunciation of their option, the seller had breached the promise to the third party by subsequently finalizing the sale with the first buyer, thereby justifying the non-execution of the sale to the first buyer.
Regeste Legislator
Généré par l'IASale Contract Validity Against Prior Unilateral Promise to Sell: A seller, who entered into a contract for the sale of property with a buyer and subsequently granted a unilateral promise to sell to a third party, was sued by the first buyer for the execution of the sale; the court rejected the appeal, reasoning that the unilateral promise to sell, which was accepted by the beneficiary before the seller entered into the final deed of sale with the first buyer, constituted a bilateral promise of sale, and because the subsequent sale to the first buyer was not conditioned on the third party's renunciation of their option, the seller had breached the promise to the third party by subsequently finalizing the sale with the first buyer, thereby justifying the non-execution of the sale to the first buyer.