Plaintiff seller and defendant buyer entered into a contract of sale, containing a New Jersey choice-of-law provision, which provided for the sale of seller's property located at 45 Renwick Street to defendant buyer. A few days prior to the time-is-of-the-essence closing date, buyer stated that it was refusing to close because certain laws would limit its ability to develop the property. However, after the closing date passed and seller elected to terminate the contract and...
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