Can someone other than the purchaser sign a commercial land contract?

The purchaser is XYZ, Inc. Another individual signed as purchaser on the sale

contract. Is it binding?

Asked on November 11, 2018 under Real Estate Law, South Carolina

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 2 years ago | Contributor

It is legal IF that person was a representative of the corporation who, by dint of his or her title and position, would normally or resonably have the authority to bind the corporation to a transaction like this (e.g. president, VP, senior manager, etc.). Or if the person had some written authoritzation from the corporation giving him/her the necessary authority. But without having authority by virtue of his/her title/position, or some other grant of authority, this may well not be a binding or enforceable contract.


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