Watkins v. Wells

Opinion of the Court by

Judge Dawson

Reversing.

On the 14th day of May 1945, the appellee orally agreed to purchase from the appellants a house and lot for the sum of $10,000.00. The sellers agreed to accept as a part of the purchase price a house and lot owned by appellee, at an agreed value of $2500.00. Part of the balance was to be paid in cash and the remainder in six months.

On the day the agreement was made the appellee paid appellants $850.00.

On May 15, 1945, the appellee rescinded this agreement and so notified the appellants. On the same day the appellant James Watkins tendered the…