The plaintiffs, Donna and Ronald Zoleta, sought summary judgment against the purchaser, Lovesikander Singh, and the real estate agent, RE/MAX Twin City Realty Inc., for breach of an Agreement of Purchase and Sale (APS) of a property.
Singh failed to close the transaction after the real estate market declined and an appraisal showed a significantly lower property value, demanding a large abatement.
The plaintiffs relisted the property "pre-emptively" but maintained their intent to close the original deal.
Singh argued the relisting repudiated the contract and prevented him from securing financing, and also alleged conspiracy between the plaintiffs and RE/MAX.
The court found that Singh repudiated the APS by demanding an abatement, and the plaintiffs did not accept this repudiation.
The court further found that the plaintiffs' relisting of the property did not constitute repudiation, as they provided notice and continued to affirm the agreement.
Singh also failed to accept any alleged repudiation by the plaintiffs in a timely manner, instead affirming the contract through requests for extension.
The court dismissed Singh's conspiracy claims due to lack of evidence and damages.
Summary judgment was granted in favor of the plaintiffs for damages, and Singh's crossclaim and counterclaim were dismissed.