Zhang v. Eighth Judicial District Court of State of Nevada

OPINION

The primary issue we decide is whether a real property purchase agreement is enforceable when it is executed by the buyer only because the seller would not perform under an earlier purchase agreement for a lesser price. We conclude that such a modified.agreement is not supported by consideration and is therefore unenforceable.

FACTS

On February 1, 2004, Lanlin Zhang entered into a contract to buy former realtor Frank Sorichetti’s Las Vegas home for $532,500. The contract listed a March closing date and a few household furnishings as part of the sale. On February 3, Sorichetti told Zhang…