This section is from the book "American Law Of Real Estate Agency", by William Slee Walker. Also available from Amazon: American law of real estate agency.
Where no time was fixed, a party to a contract for an exchange of lands has a reasonable time to satisfy liens, and the broker who effected an exchange can not be denied commission because one party did not immediately free his property from all liens. Carrington v. Smithers, 147 P. 225, 26 Cal. App. 460.
 
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