About this document

Contract of Sale and Right of First Refusal by Andrea Ivanne is a document available to read on EtoBox.

The Supreme Court ruled that: 1) A right of first refusal does not constitute a perfected contract of sale and cannot be enforced through an action for specific performance. It merely gives the holder the right to match any offer if the property owner decides to sell. 2) If a property is sold in violation of a right of first refusal, with the buyer aware of the right, the sale can be rescinded and the property owner can be compelled to offer it to the party holding the right of first refusal. 3) While a r

Author

Andrea Ivanne

Language

EN