Saturday, May 14, 2011

Marketable Title

Marketable title is one to land agreed to be purchased which is not merely good, but so clear that a court of equity would compel a reluctant purchaser to take it, on a suit against him by the vendor to enforce the specific performance of  his contract to purchase the land.  It is now, however, quite settled, that so far as a purchaser's objection is one of the pure law, the court, if it thinks the objection untenable, will not refrain from compelling him to complete his purchase by reason of any supposed doubtfulness in the state of the law on the subject.

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