Livv
Ouvrages

Business Contracts

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 1: Contract of sale

    • Title 2: Formation of the contract of sale

      • Chapter 3: Consent to the sale

        • Section 1: Existence of consent

          • II: Meeting of offer and acceptance

            • A: Receipt of acceptance

            • B: Effect

              • 1°: Instantaneous formation of the sale

              • 2°: Exceptions

                • a): Conditional sales

                • b): Sale with right to reconsider (Droit de répentir)

                  • i): Sale with option to repurchase

                  • ii): Sale with non-refundable deposit

124. Sale with non-refundable deposit

1 minute de lecture

The contract may provide for the possibility of both parties withdrawing from the agreement through the mechanism of forfeiture or down-payment/deposit (arrhes). Article 1590 of the Civil Code provides for this mechanism in the case of promises of sale. It states that, if a promise of sale includes a deposit, the party who gave the deposit forfeits it and the party who received it must return doub …

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