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Free Books / Real Estate / American Law Of Real Estate Agency / | ![]() |
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Sec. 1130. Definition Of Term "Pecuniarily Able" In Broker's Contract Of Employment |
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This section is from the book "American Law Of Real Estate Agency", by William Slee Walker. Also available from Amazon: American law of real estate agency.
The term "pecuniarily able," used with reference to the financial condition of the proposed purchaser procured by an agent of the vendor, does not mean that such purchaser must necessarily have all the money in his pocketbook or to his credit at the bank, but that he is able to command the necessary money to close the deal, on reasonable notice or within the time limited by the vendor, if a time be limited. McCabe v. Jones (Wis. Sup. '10), 124 N. W. 486.
 
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