What is the legal authority for the proposition that the condition relating to financing is too uncertain to form the basis of a binding contract of sale and purchase?
British Columbia, Canada
The following excerpt is from Chan v. Hayward, 1983 CanLII 350 (BC SC):
Should I be mistaken with respect to this interpretation of the agreement, there is English authority for the proposition that the condition relating to financing is too uncertain to form the basis for a binding contract of sale and purchase: Lee-Parker v. Izzet, [1972] 1 W.L.R. 775, [1972] 2 All E.R. 800.
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