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Coppola Enterprises, Inc. v. Alfone
Supreme Court of Florida
531 So.2d 334 (1988)
In 1978, Alfone (plaintiff) contracted with Coppola Enterprises, Inc. (defendant) to purchase a residential lot and single family home for $105,690.00. Due to construction delays, Coppola pushed back the projected closing date to late 1980. Alfone subsequently sought financing to purchase the property and requested additional time within which to pay the balance due. Claiming that time was of the essence, Coppola refused the request and sold the property to another party for $170,000. The trial court entered final judgment in Alfone’s favor, finding that Coppola failed to exercise good faith by refusing Alfone a reasonable time to close and terminating the contract. The Fourth District Court of Appeal affirmed the judgment and the damages award. Coppola appealed.
Rule of Law
Holding and Reasoning (Kogan, J.)
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