New York Ave. LLC v. Harrison

Opinion

ROTH, Judge:

¶1 New York Ave. LLC (NYA) entered into a real estate purchase contract to purchase twenty acres of undeveloped land from Defendants David D. and Jan C. Harrison (the Harrisons). The contract provided NYA sole discretion to extend the closing by paying a monthly extension payment, which NYA paid monthly for nearly two years beyond the agreed-upon settlement deadline. Eventually, the Harrisons informed NYA that it was in breach of contract for failing to close within a reasonable time and proposed a firm closing date some months later. NYA asserted that the Harrisons had…