We are in contract to buy a home and the settlement date says on or about October 15th. We have now been told that that could mean November 15th. Is that the law?
Full Question:
We just moved and we are renting. We are in contract to buy a home and the settlement date says on or about October 15th. We have now been told that that could mean November 15th. Is that the law?
09/10/2007 |
Category: Real Property ยป Sales |
State: New York |
#8569
Answer:
It is a matter of contractual interpretation. When time frames are ambiguous, courts often imply a "reasonable" time frame.