Good Faith Agreement Real Estate

The Oregon Court of Appeals objected to Zygar`s understanding of good faith and fair management and found that „a buyer was not violating its contractual duty by refusing to make a real estate purchase if the purchase depended on the buyer having a satisfactory dry rot report and the buyer was not satisfied with the dry rot ratio. although he may have had other reasons to reject the agreement. According to the court, „whatever reasons the buyer invoked for escaping the transaction were irrelevant to whether it was not actually satisfied with the dry rot report.” According to the court, Johnson has a reasonable basis for rejecting the inspection report and, therefore, the contractual right to do so as long as there is a reasonable basis for the rejection.

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