Fla. High Court Says Buyers Can't Void Condo Deal

Law360, Miami (January 23, 2014, 8:51 PM EST) -- The Florida Supreme Court on Thursday ruled that contracts for the purchase of two condominium units could not be voided on the grounds for failure to maintain deposits in escrow according to state law because the provision in question was enacted four years after the sale contracts were signed.

The state's high court reversed a lower appellate court's decision that allowed the buyers to void a contract with developer North Carillon LLC for two condominium units because the developer had allegedly failed to keep their deposits...
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