(DOWNLOAD) "Norton v. Arizona Department of Public Safety Local Retirement Board" by Arizona Supreme Court # eBook PDF Kindle ePub Free

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eBook details

• Title: Norton v. Arizona Department of Public Safety Local Retirement Board
• Author : Arizona Supreme Court
• Release Date : January 20, 1986
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 72 KB

Description

Defendant/appellant Monaco Partnership appeals from the trial courts award of specific performance to plaintiff/appellee Raul Barrero Canton. Appellee had contracted with Monaco Partnership to purchase a condominium unit on May 8, 1982. The negotiated terms were that appellee agreed to purchase Unit F-221 for $41,000, to put $4100 into an escrow account as a down payment, and to close the transaction by September 13, 1982. However, Monaco Partnership was not in a position to close on that date because the Federal Housing Administration required that a certain percentage of the units in the project be presold prior to closing any transactions. Thus, the parties entered into a second agreement under which appellee was permitted to live in the unit, rent-free, until such time as the transaction was closed. In exchange, appellee agreed to release his down payment to the sellers and to close the transaction within 30 days of his eligibility for closing.

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