Baker v. Deter

These two suits in equity arose out of a contract for the sale of a motel and its furnishings by Thelma Pearl Deter to Walter C. Baker and his wife, Marjorie Baker. The motel is situated at Oceanlake in Lincoln county.

On or about October 27, 1952, Mrs. Deter, as seller, and the Bakers, as buyers, executed a “contract for exchange of real property” on a printed form commonly used by real estate brokers. This document is referred to in the testimony as an earnest money receipt and will be so designated in this opinion to distinguish it from the more detailed contract later executed by the same…