Arista Homes (Boxgrove Village) Inc. v. Lakhany
SUMMARY:
On June 30, 2017, the defendant, Lakhany agreed to purchase a residential home from Arista Homes with $100,000 in deposits and scheduled to close June 19th, 2018 - Buyer fails to close. https://www.youtube.com/embed/NT-M_hjqVqE Arista seeks to recover damages for breach. Buyer argues that Arista failed to mitigate loss and disagrees as to the assessment of Arista’s “damages”. Arista submitted evidence that it relied on a valuation of the property as of June 19, 2018