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White Paper Contractual Performance during COVID-19.pdf
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🔗 Source: floridarealtors.org
📊 Size: 95 KB
📄 Pages: 5 pages
⬇️ Downloads: 93

Summary

The COVID-19 pandemic has raised questions about contract performance, specifically regarding force majeure clauses. The Florida Realtors/Florida Bar "AS IS" Residential Contract for Sale and Purchase contains a force majeure clause (Section 18(G)) that excuses performance if prevented by events like hurricanes, floods, or acts of God. However, it's unclear if COVID-19-related issues qualify as a force majeure event. Courts interpret force majeure clauses narrowly, and other contract sections, such as inspection periods or financing contingencies, may also apply. Additionally, legal theories like impossibility of performance and frustration of purpose can be used as defenses for non-performance.

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Description

The COVID-19 pandemic has raised questions about contract performance, specifically regarding force majeure clauses.

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  • File Format: PDF
  • File Size: 95 KB
  • Pages: 5
  • Language: EN
  • Total Downloads: 93
  • Last Updated: 3 hours ago

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