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Legal blogs are "agog" with speculation as to the viability, during the pandemic, of force majeure and impossibility/frustration-of-performance defenses to obligations under leases, mortgages, and other real property contracts. A recent case examines the viability of those defenses in another context—a change in law.
On April 19, 2019, Malachite Servs., LLC agreed to purchase a building in Midtown Manhattan from 148-150 E. 28th St LLC for $6.668 million, with a down payment of $668,000 but no mortgage contingency clause.
