By James R.G. Cook ( December 6, 2024, 10:31 AM EST) -- The doctrines of force majeure and/or frustration are occasionally raised by buyers seeking to avoid liability under an otherwise binding agreement to complete the purchase of real estate. In such cases, the focus is on external events that occurred after the signing of the agreement and before the transaction was scheduled to be completed. However, if the underlying reason for a buyer’s predicament is their failure to have sufficient financing in place, they will have difficult finding a way out based upon other developments....