Suppose a contract for the sale of land; the seller refuses to perform it.
Some sellers may refuse to consider you at all unless you've got a pre-approval letter from your lender.
The sellers refuse to come down in price, and the buyers are too worried about the future to raise their bids.
The validity of the flip tax had been in doubt for some time and many sellers had been refusing to pay.
In another situation, a seller refused an offer of $5.8 million on a $6 million price but is now down to asking $5.5 million.
The seller refused and put the house back on the market.
On March 22, when the seller refused to deliver, the market price was 53s. 9d. per quarter.
Indeed, 34 properties, accounting for about $35 million in total bids, were sold "subject to confirmation," meaning the seller might yet refuse the sale.
At first, many sellers refused to accept lower offers, thinking that they would get their asking price or close to it.
Even if the buyer has not yet left the store, the seller will refuse a return or exchange.