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Subject to Financing Clause

Definition

A condition added to a contract for sale that makes completion of the sale contingent upon the buyer’s ability to obtain satisfactory financing within a specified time frame. A subject to financing clause imposes upon the buyer an implied obligation to make a reasonable and good faith effort to satisfy the condition by obtaining the requisite financing.

Related Rules


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Billman v. Hensel


Mauris finibus odio eu maximus interdum. Ut ultricies suscipit justo in bibendum. Sed eu magna efficitur, luctus lorem ut, tincidunt arcu. Praesent varius sit amet erat hendrerit placerat. In posuere eget ante id facilisis. Integer semper venenatis felis lacinia malesuada.

Bruyere v. Jade Realty Corp.