able buyer

able buyer
A purchaser who has the money at the time to make any cash payment that is required and who is in condition financially to meet any deferred payments. Reynor v Mackrill, 181 Iowa 210, 164 NW 335, 1 ALR 523. Not one who might have property upon which he could raise the necessary money. Reynor v Mackrill, 181 Iowa 210, 164 NW 335, 1 ALR 523, 528. A purchaser is not "able" where he is depending upon third parties who are in no way bound to furnish the funds to make the purchase. Anno: 1 ALR 528.

Ballentine's law dictionary. . 1998.

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