Sentences with phrase «buyer reneged»
If the buyer reneges on the contract, the seller - from a legal point of view - has several choices.
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When payment was due 35 days later, a week went by, then another, then another, until it was revealed that the buyer did a runner and reneged.
Often an inexperienced buyer's representative will overpromise and then be forced to renege.
When the seller reneges on the contract, the buyer also has legal remedies (specific performance).
They may ask you to back out of contracts, gloss over disclosures, and renege on promises to buyers.