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NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

SALE OF LAND - Misrepresentation - Fraudulent misrepresentation - Quality defects - Latent - Remedies - Damages

Tuesday, April 10, 2018 @ 8:48 AM  

Claim by the plaintiff vendor, Wang, for payment of the deposit and damages from the failed sale of a property. Counterclaim by the defendant purchaser, Shao, for return of the deposit and damages for breach of contract. Wang entered into a contract of purchase and sale with Shao for the purchase of a residential property for the price of $6,138,000. Shao failed to complete the purchase and Wang sold the property to another buyer for the price of $5,500,000. Wang said Shao breached the contract and...