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Article 1656 of the French Civil Code

If it has been stipulated at the time of the sale of immovable property that, in the absence of payment of the price within the agreed term, the sale would be cancelled ipso jure, the purchaser may nevertheless pay after the expiry of the term, as long as he has not been put in default by a summons; but, after this summons, the judge may not grant him this term.

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Article 1658 of the French Civil Code

Independently of the causes of nullity or rescission already explained in this title, and of those common to all agreements, the contract of sale may be rescinded by the exercise of the repurchase option and by the worthlessness of the price.

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