Court Opinion

ID: 9677382
Source: CourtListenerOpinion
Date Created: 2023-08-24 05:50:45.829804+00
Date Added: 2024-06-11T18:16:55.537046
License: Public Domain

*680Hallows, J.
(dissenting). I do not read the listing contract as requiring the cash sale to be consummated within the listing period. I think such a sale is made upon the acceptance of the offer and the offer should have been accepted. It was within the terms of the listing and the trial court was correct in holding that the sale could be closed within a reasonable time after the expiration of the listing. The majority view that a cash sale under an ordinary real-estate listing contract must be consummated within the listing period is neither realistic nor in keeping with real-estate practice. The cash sale means the seller will receive cash and will not be required to finance even a part of the purchase price by the acceptance of a mortgage or other security. Whether a sale is cash or not, the closing details take time.