Definition : Judgment

Official decision of the court in a legal case ruling upon a dispute between the parties or determining their rights and obligations within the framework of legal process.

 WHAT YOU SHOULD KNOW ! A judgment condemning the syndicate to pay a sum of money is executory against the syndicate and against each of the persons who were co-owners at the time the cause of action arose, proportionately to the relative value of his fraction. TO KEEP IN MIND :  A judgment may not be executed against the contingency fund, except for a debt arising from the repair of the immovable or the replacement of common portions, or against the self-insurance fund, unless the judgment is in respect of the recovery of an amount for the payment of which the fund is to be used.

WARNING !  A right resulting from a judgment is prescribed by 10 years if it is not exercised.

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For the promising buyer, the offer to purchase is a way to reserve a property on conditions that he sets himself. When signing an offer to purchase, it may be that certain aspects surrounding the sale are beyond its control. This will happen, for example, if they have to sell their principal residence before buying, or if they need to get a mortgage before acquiring the new property. To this could be added another imponderable, that is to say that it may lack information to carry out a due diligence verification before the purchase. For this reason, offers to purchase generally include an obligation that is described as conditional, which is recorded as a suspensive condition.
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