In Nicolaou V

question 83

Essay

In Nicolaou v. Sobhani the parties had a contract for the purchase and sale of a lot. Before the completion date the purchaser alleged misrepresentation on the lot size and instructed their lawyer to ask for the return of the deposit. Was this an anticipatory breach that entitled the seller to keep the deposit? What risk reduction should parties consider in this situation?

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Definitions:

Economy Sectors

Divisions within an economy, categorized by their primary business activities, such as technology, healthcare, and finance.

Portfolio Composition

The mix of different types of investments held in an investor's portfolio, determined based on their risk tolerance, investment goals, and time horizon.

Alpha-Seeking

Refers to investment strategies aimed at achieving returns that exceed the benchmarks or indices against which they are compared, often through active management.

Relative Mispricing

A situation where the price of an asset does not accurately reflect its value, usually in comparison to similar assets.