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· 6/28/1989

Western Commerce Bank v. Gillespie

Citations

  • 775 P.2d 737
  • 108 N.M. 535

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • holding that where no time for performance is specified, law implies a reasonable time for performance
  • interpreting condition precedent as applying to conditional performance and not conditional formation; inability of heirs to obtain timely financing did not prevent formation of binding contract
  • interpreting condition precedent as applying to conditional performance and not conditional formation; inability of heirs to obtain timely financing did not prevent formation of binding contract
  • condition precedent generally is an event that must occur subsequent to formation of contract which must occur before there is right to immediate performance
  • right to repudiate contract if condition precedent not met
  • obtaining of financing conditioned performance

Source: CourtListener parenthetical corpus (CC0).

Judges: Ransom, Sosa, Scarborough

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.