Chadbourne v. Stockton Sav. & Loan Society

Citations

• 4 Cal. Unrep. 535
• 36 P. 127

Syllabus

<p>Execution—Interest of Possible Vendee.—One to whom an offer for the sale of land is made—the offer to be kept open only on certain conditions—has not, in the absence both of a compliance with such conditions and an acceptance of the offer, an interest in the land, which is subject to sale on execution.</p> <p>Bank—Authority of President as to Land Contract.—In the absence of authority by charter, resolution, or by-law, it will not be presumed that the president of a bank is authorized to waive conditions of a contract for the sale of land.</p>