Background: The case involved a dispute over an assignment agreement for the purchase of a pre-construction townhouse, where the buyer, Ke Ma, failed to complete the purchase, leading the seller, Douglas Holdings Inc., to seek forfeiture of the deposit.
Parties Involved: Douglas Holdings Inc. (Applicant) vs. Ke Ma and Homelife Best Choice Realty Inc. Brokerage (Respondents).
Facts: The agreement required Ma to pay a $62,000 deposit, which she did. The dispute arose when the assignment transaction did not close due to alleged breaches by both parties.
Issues/Main Discussion: The central issue was whether Ma breached the assignment agreement by failing to cooperate, thereby entitling Douglas Holdings to retain the deposit.
Ruling: The court found Ma did not cooperate as required, leading to the forfeiture of her deposit to Douglas Holdings.
Amount Awarded: The deposit of $62,000 was forfeited to Douglas Holdings Inc.
