Legal Question in Real Estate Law in Florida
Purchaser's refusal to execute contract based on purchaser's loss of employment
Under Florida law, may a purchaser refuse to execute a contract for sale of real estate because the purchaser--name removed--lost their job?
Asked on 3/10/05, 10:31 pm
1 Answer from Attorneys
Alexander M. Rosenfeld
Rosenfeld & Stein, P.A.
Re: Purchaser's refusal to execute contract based on purchaser's loss of employm
If you mean, by the words refusal to execute, not close the transaction the reply is yes. The purchaser may be subject to a claim for damages. That will depend upon the terms of the contract.
Answered on 3/13/05, 9:05 pm
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