It's not a truism.
Buyers have an enforceable contract to purchase. That means that they can't simply forfeit their deposit and walk away. If they don't settle, Finbar is entitled to sue for completion and/or damages. Of course, in a collapse, some buyers might not be able to settle and it might not be worth pursuing them legally for damages. As far as I'm aware. that didn't happen to any significant extent during the GFC, so it would probably need some extreme circumstances to bring that about. Also, Finbar would at least be entitled to the deposits and to retake the properties.
It's not a truism. Buyers have an enforceable contract to...
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Last
85.0¢ |
Change
0.005(0.59%) |
Mkt cap ! $231.3M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.0¢ | 84.0¢ | $143.2K | 168.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11114 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 20937 | 1 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| FRI (ASX) Chart |