Satisfactory Financing #214

BC Real Estate Association logo with the words "legally speaking" printed below

By Gerry NeelyB.A., LL.B. Subject to “satisfactory financing”, while not a whim and fancy clause, has been analyzed in several earlier cases and again in a recent decision involving the cash purchase of a business. The purchaser’s offer was subject to his arranging satisfactory financing. He intended to do this through an institutional lender, whom