Question: The contract for the purchase of a home mistakenly
omitted a specific date for the close of escrow. Is a contract
enforceable without a specific date for close of escrow?
Answer: Yes. If a contract does not have a specific date
listed for performance, a reasonable time is implied. Dutch Inns
of America, Inc v. Horizon Corp., 18 Ariz. App. 116, 119, 500
P.2d 901, 904 (1972). In order to determine what is a reasonable
time, the courts will attempt to determine the intent of the buyer
and the seller regarding the time of closing. Evidence of the
intent of the buyer and the seller can be by conversations or
correspondence between the buyer and the seller regarding closing,
prior transactions of the seller or buyer, and the customary time
for closing in the community.
