Legal Question in Real Estate Law in Arizona
real estate law...breach
what is the type of breach called when...
the buyer's agent says verbally that their client will cancel contract to the listing agent and the listing agent can advise their client...the seller to cancel due to ______?
1 Answer from Attorneys
Re: real estate law...breach
It is not a breach of contract if the contract contains conditions allowing the buyer to cancel the contract. Such a cancellation should be made in writing and the buyer's agent has a duty to give written notice to the seller, through the listing agent.
You might be thinking of the term "anticipatory" breach, where there is no legal reason to cancel the contract and the buyer says I am not going to perform. The seller may be excused from further performance, because the buyer has stated that he will not perform.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
