(DOWNLOAD) "Konover Realty Associates v. David Mladen" by Third District Court of Appeal of Florida # eBook PDF Kindle ePub Free

eBook details

Title: Konover Realty Associates v. David Mladen
Author : Third District Court of Appeal of Florida
Release Date : January 18, 1987
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 68 KB

Description

Pursuant to a contract under which the appellee Mladen agreed to purchase and the appellants to sell the Konover Hotel on Miami Beach, Mladen made a $500,000 unrestricted deposit payment{/Cite} to the sellers to be applied to the purchase price at closing. The deal did not close and each side claimed that the other was in default. The purchaser then brought this action to recover a $500,000 money judgment in the amount of the deposit. The sellers counterclaimed that they were entitled to retain the sum as liquidated damages for what they said was the buyers breach and for other relief. In the course of the litigation, which is to be resolved by jury trial, Mladen, on the asserted ground that the individual seller, Harold Konover, "is in serious health [sic[k__" and that "in the event of [his] death, this money would be tied up in his estate," moved for and the trial court entered an order requiring the defendants-sellers to deposit $500,000 in the court registry pending the outcome of the case.