Professional Documents
Culture Documents
IX. What are the obligations and liabilities of agents to third parties?
Macondray v. Sellner
- purchaser has a perfect right to examine the documents; it was
understood that the purchaser should have a reasonable time; also,
time does not appear to be of the essence to the contract
- company’s letter demanding immediate payment under penalty of
cancellation of the agreement was an unreasonable attempt to deny
purchaser reasonable opportunity to inspect docs.
- Real estate agent already earned commissions and could not be
deprived thereof
- Company could not lawfully terminate negotiations at the time it
attempted to do so