Time Is Of The Essence Clauses: Do They Always Require Strict Compliance With The Contract?
In Magic Carpet Ride, LLC v. Rugger Investment Group, LLC (2019) DJDAR 9998, Rugger contracted to sell its airplane to plaintiff Magic Carpet Ride (MCR). The airplane was subject to a mechanic’s lien which was required to be removed. The escrow on the plane closed and MCR took possession of the plane and gave Rugger […]
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