The plaintiff vendor and defendant purchaser entered into an agreement of purchase and sale for a property.
The purchaser paid an $80,000 deposit.
On the closing date, the purchaser's lawyer emailed the vendor's lawyer stating the purchaser did not have financing and could not close.
The vendor's lawyer responded with a letter accepting the anticipatory breach, stating the deposit was forfeited and the vendor would sue for damages.
The purchaser argued the acceptance was not clear and unequivocal because the vendor had discussions with a real estate agent about extending the closing.
The court found the vendor's lawyer's letter was a clear and unequivocal acceptance of the anticipatory breach and the discussions did not constitute a waiver.
The court ordered the $80,000 deposit paid to the vendor as damages and dismissed the purchaser's counterclaim.