Seller Entitled to Refuse Uncertified Third-Party Deposit; Ask Gerry #397
By Gerry NeelyB.A. LL.B. In a case where a seller refused to accept a deposit cheque, a Supreme Court judge gave an answer to a problem we didn’t know we had in the Contract of Purchase and Sale (CPS). The seller had agreed to sell his property for $975,000, but wanted the buyer to pay the deposit …