NJ High Court To Weigh Atty Review Rule For Auction Deals

Law360 (May 7, 2021, 8:53 PM EDT) -- The New Jersey Supreme Court will dig into a split state appellate decision that real estate auction sales contracts do not need to include a provision enabling reviewing attorneys to cancel a residential sales agreement within three days, a ruling that barred a would-be buyer from recouping her $121,000 deposit.

The justices will examine a 2-1 appellate ruling from November that shot down Mengxi Liu's argument that her contract was unenforceable since it did not contain the three-day attorney review clause required under the state Supreme Court's 1983 opinion in N.J. State Bar Ass'n v. N.J. Ass'n of Realtor Boards, according...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!