Rastek Constr. & Dev. Corp. v. Gen. Land Commercial Real Estate Co.
Supreme Court of Virginia
1Opinion of the Court
OPINION BY JUSTICE D. ARTHUR KELSEY
**419 In this case, a real estate broker, General Land Commercial Real Estate Company, LLC (the "Broker"), sued Rastek Construction & Development Corporation (the "Seller") to obtain a sales commission despite the fact that the contemplated sale ultimately never took place. Awarding the sales commission to the Broker, the trial court held that (i) the Broker was a third-party beneficiary of the sale agreement, (ii) the parties to the sale agreement waived its time-is-of-the-essence provision, and (iii) the Seller improperly prevented the closing.
**420 The…
2Cases cited18 opinions
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- Valley Landscape Co. v. RollandSupreme Court of Virginia · 1977
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- Professional Realty Corp. v. BenderSupreme Court of Virginia · 1976
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