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Sec. 422. Authority To Sell For Specific Sum, Did Not Authorize Part Cash And Mortgage |
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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.
A broker's authority to sell land for a specific sum, did not authorize an agreement to sell for a part of the price in cash, the balance to be represented by a mortgage on the premises. Stengel v. Sargeant (N. J. Ch. '08), 68 A. 1106. See also Secs. 141, 408. See references under Sec. 307.
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