Solution-The buyer later refuses to perform the contract

The buyer later refuses to perform the contract

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Reference no: EM13947931

Jack wants to sell his house. He hires Walter, a real estate broker, to sell the house and signs an exclusive right-to-sell listing agreement. Walter finds a buyer, who signs a sales contract with Jack. However, the buyer later refuses to perform the contract because he cannot obtain financing.

Does Jack owe a commission to Walter? Why?

Reference no: EM13947931

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The buyer later refuses to perform the contract : Jack wants to sell his house. He hires Walter, a real estate broker, to sell the house and signs an exclusive right-to-sell listing agreement. Walter finds a buyer, who signs a sales contract with Jack. However, the buyer later refuses to perform the..

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The buyer later refuses to perform the contract

Reference no: EM13947931

Reference no: EM13947931

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