ELMCKINNEY

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 […]
The post Time Is Of The Essence Clauses: Do They Always Require Strict Compliance With The Contract? appeared first on FirstTeam. …

Article Written by: Brian Smith A recent decision from the California Court of Appeal highlights the often competitive nature of the residential real estate market in Los Angeles and the heated exchanges which can take place between property owners, neighbors, and real estate agents in such transactions. In fact, the decision explains that all parties […]
The post Discussions Between Neighbor and Real Estate Agent Are Not Worthy Of Protection Under California’s Anti-Slapp Statute appeared first on FirstTeam. …

Article Written By: Rinat B. Klier Erlich The recent California Governor executive order and the continued practice of brokers require a refresher on the brokers’ duties of inspection so that brokers understand what they may or may not do. One of those duties is the broker’s duty of physical inspection, which is required before completing […]
The post Can A Broker Avoid Its Duty To Physically Inspect The Property? appeared first on FirstTeam. …