Sec. 515c. Broker Must Prove Financial Ability Of Purchaser, And Ordinarily This Is Not Waived By Owner's Acceptance
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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.
Sec. 515c. Broker Must Prove Financial Ability Of Purchaser, And Ordinarily This Is Not Waived By Owner's Acceptance
Broker must procure a purchaser able and ready to comply with the terms of sale, and where no contract is made there is no waiver of this condition though the owner accepts the purchaser, unless he has notice that he is unable or unwilling to comply with the terms. Bike v. McHugh & Groom, 66 S. 452, 188 Ala. 237.
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