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SALE OF LAND - Agreement of purchase and sale - Repudiation - By purchaser - Remedies

Friday, March 23, 2018 @ 8:42 AM  

Appeal and cross-appeal from a judgment granting relief from forfeiture with a direction to distribute proceeds to a trustee in bankruptcy. The purchaser, Scicluna, advanced approximately $295,000 toward a condominium acquisition. At closing, she was unable to pay the remaining $78,000 due to a loss of employment. The vendor, Solstice, agreed to return all but $30,000 of the purchaser's monies if the unit was resold pursuant to a resale agreement. However, the purchaser refused to sign the accompanying release agreement due to a misapprehension of the...