CASE LAW NO.25/2018/AL IN RESPECT OF RELIEF FROM DEPOSIT PENALTY DUE TO OBJECTIVE CAUSES

CASE LAW NO.25/2018/AL IN RESPECT OF RELIEF FROM DEPOSIT PENALTY DUE TO OBJECTIVE CAUSES
Posted date: 10/06/2021

Case law situation:

The deposit agreement securing the signing of a house purchase contract had an agreement that within a certain period of time, the depositee shall complete the procedures for issuance of a certificate of building ownership; otherwise, she shall be subject to a deposit penalty.

Upon the expiration of the agreed time limit, the depositee has not been granted with a certificate of building ownership due to the competent state agency.

 

Legal solution:

In this case, it is necessary to determine that the depositee could not fulfill its commitments due to objective cause and the depositee is not subject to deposit penalty. 

 

Link for download: CASE LAW NO.25/2018/AL IN RESPECT OF RELIEF FROM DEPOSIT PENALTY DUE TO OBJECTIVE CAUSES


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