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ARTICLE · 22 AUGUST 2022

Selling Third Party's Ownership

Andersen
Andersen
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The sale of a third party's ownership is an act exercised on someone else's financial rights unlawfully; wherein an individual sells a specific movable /immovable property belonging to a third party...

EgyptCorporate/Commercial Law

The sale of a third party's ownership is an act exercised on someone else's financial rights unlawfully; wherein an individual sells a specific movable /immovable property belonging to a third party without being an agent or guardian for him/her in return for monetary consideration, provided the availability of the contracted movables/ immovables at the time of the conclusion of the contract.

In general, a sale contract determines the scope of responsibility between its parties, an obligation arises solely on the contracting parties, without creating an obligation against third parties. Accordingly, the legislator may decide the permissibility of nullifying the sale contract of the third party's ownership due to lack of capacity.

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