Nga 2 Limited Liability Co. v. Rains

OPINION

In December of 1994, Robert Rains contracted to sell a parcel of property in Henderson, Nevada, to Notre Dame Development, Inc. (hereinafter “Notre Dame”). The contract consisted of an “Offer and Acceptance Agreement” as well as a “Counter Proposal.”

The agreement provided that time was of the essence and that Rains would retain two and one-half acres of the parcel. It also stated that “[e]xact dimensions and legal description and recordation of a parcel map, at Buyer’s expense, to be completed prior to the Close of Escrow.” The parties also agreed that escrow would close “90 days…