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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

          • II: Legal regime

            • A: Exercise of the option

              • 2°: Validity

              • 3°: Withdrawal of beneficiary

              • 4°: Breach of promise

        • Section 2: Unilateral promise to purchase

79. Validity

1 minute de lecture

By exercising the option, the beneficiary of the unilateral promise agrees to conclude the sale. The Court of Cassation has established the principle that a unilateral promise of sale becomes a legally binding sale, as soon as the beneficiary of the promise has, within the specified time-limit, manifested, by bringing it to the attention of the promisor, his willingness to acquire the property und …

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