Peet v. Locke

Grábenos J. Henry, J.

On February 24,1959 plaintiffs entered into a contract to purchase real property from the defendant Locke, through the other defendants as brokers, for the sum of $29,000. The sum of $1,000 was deposited by the plaintiffs with the said brokers at the time, to become part of the purchase price. That sum is still in the hands of the brokers, whose answer and affidavit indicate that they acted as agents for a disclosed principal, the defendant Locke.

On April 27, 1959 a further agreement was executed, conditioning the contract upon the plaintiffs obtaining, and exhibiting to…