The record establishes that defendant materially breached the contract of sale by, inter alia, willfully failing to appear for the time-of-the-essence closing. Contrary to defendant's argument, the letter sent to him by plaintiffs' counsel in the immediate aftermath of the failed closing may not be fairly construed as a repudiation of the contract. Indeed, the letter plainly advises defendant of plaintiffs' intention to pursue the remedies available to them under the contract...
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