Can a vendor cancel an agreement where a purchaser defaults and all moneys paid under the agreement are forfeited to the vendor?

Alberta, Canada


The following excerpt is from Wimpey (George) Canada Ltd. v. Groveridge Imperial Properties Ltd., 1985 CanLII 1235 (AB QB):

In Mayson v. Clouet the agreement provided that if a purchaser defaulted the vendor was at liberty to cancel the agreement and all moneys paid under the agreement should be forfeited to the vendor. The purchaser defaulted and by letter the vendor cancelled the agreement.

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