Coppola Enterprises, Inc. v. Alfone
Supreme Court of Florida
531 So.2d 334 (1988)
Relevant factsFree
Coppola (defendant) contracted to sell Alfone (plaintiff) a home, but construction delays pushed the projected closing date back roughly two years; when Alfone sought additional time to secure financing, Coppola refused, insisting time was of the essence, and sold the property to another buyer for a substantially higher price. The trial court found Coppola acted in bad faith by refusing Alfone reasonable time and awarded Alfone damages, affirmed by the intermediate appellate court.
IssueFree
Whether a seller's postponement waives any 'time is of the essence' claims and grants a buyer reasonable time to fulfill the buyer's obligations in the contract.