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Friday, July 31st, 2009

237 (1979). Lee, 53 Nev. These cases do


237 (1979). Lee, 53 Nev. These cases do not recognize the doctrine of substantial performance with respect to the buyer’s obligation to pay the full buy price by the deadline for close of escrow. 98 [...] Associated Developers Co. Martin, 117 Ariz. 567, 655 P.2d 521 (1982), R&S Investments v. 1104 (1951); Restatement (Second) of Contracts ? See also 5 Corbin, Corbin on Contracts ? However, in non-equitable conversion cases the courts have not been so willing to rescue defaulting purchasers and will require strict compliance with the “time is of the essence” provision.
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