1 Day_1777352142843_145525226.png&w=64&q=75)
Source:
الوطن
_1777352244987_250242181.png&w=64&q=75){kind=small}
Deposit Before Handover
The purchaser of the unit may withhold payment of the maintenance deposit if the company breaches its obligation to deliver the unit on time and in accordance with the agreed specifications, pursuant to Articles 246 and 161 of the Civil Code concerning reciprocal obligations and the right to withhold performance. In this case, the commercial unit was not ready for delivery, even though the purchaser had paid the full purchase price. The deposit claimed was EGP 187,200, equivalent to 10% of the sale price. The Court of Cassation overturned the judgment ordering the purchaser to pay and remanded the case to the Cairo Court of Appeal for reconsideration.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)