Common Contracts

1 similar Sale Agreement contracts

SC 0) • ^ &
Sale Agreement • March 2nd, 2020

An owner of landed property, who has entered into a verbal agreement of sale, and lias on the faith of that agreement received the whole or portion of the purchase-price, is not entitled to retain both the money and the land. The purchaser is entitled to reclaim the price which he has paid if the performance of the seller’s inchoate contract has become impossible or if the latter has deliberately elected to retain the property; a tender by the seller made subse­ quent to such circumstances is no answer to the claim.

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