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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 2: Pre-contracts

        • Section 1: Unilateral promise to sell

          • I: Formation

            • A: Classification

            • C: Effects

              • 1°: Consent of the promisor to the sale

                • a): Binding commitment

                • b): Sanction for breach

              • 2°: Acceptance by the beneficiary of an option right

        • Section 2: Unilateral promise to purchase

73. Binding commitment

1 minute de lecture

In accordance with the provisions of new Article 1124 of the Civil Code, a unilateral agreement, once validly entered into, definitively binds the promisor to sell to the beneficiary. In application of the new provision, the trial courts noted that the unilateral nature of a promise to sell shares implies that, as soon as the deed is signed, the promisor gives his consent and is irrevocably bound …

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