WHAT IS THE DIFFERENCE BETWEEN PURCHASE PROPOSAL AND PRELIMINARY SELL?

The unilateral purchase proposal, usually expressed as an irrevocable proposal, is a preparatory action, aimed to "bind" the promissory buyer to his own offer. Until the purchase proposal is not approved, it is qualified as a mere "pre-negotiation act" as such it is not subject to registration commitment. In the best
case that the purchase proposal comes to be approved by the promisor seller, it can be qualifiable as a proper preliminary contract subjected to all provisions concerning the latter, including its registration by the registrar’s office.

 

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