Legal Opinion
Logue v. Seven-Hot Springs Corp.
Court of Appeals for the Eighth Circuit
Decided February 22, 1991No. Nos. 89-2830, 89-2985PublishedCited by 9 opinions
1Opinion of the Court
ROSS, Senior Circuit Judge.
On October 4, 1982, appellees, Edmonda A. Logue and others, (seller) agreed in writing to sell a single forty acre tract of undeveloped land to the appellant, Seven-Hot Springs Corporation (buyer), at a stipulated price per acre. Upon executing the agreement, the buyer tendered $5,000 earnest money to the seller. According to the purchase agreement between the parties, in the event of buyer’s default, this earnest money was to be deemed liquidated damages and forfeited to the seller; otherwise it was to be credited towards the down payment at closing. The relevant…
2Cases cited3 opinions
- Chrisco v. Sun Industries, Inc.Supreme Court of Arkansas · 1990
- McIllwain v. Bank of HarrisburgCourt of Appeals of Arkansas · 1986
- Amerdyne Industries, Inc. v. Pom, Inc.Court of Appeals for the Eighth Circuit · 1985
3Cited by9 opinions
- General Trading International, Inc., Appellee/cross-Appellant v. Wal-Mart Stores, Inc., Appellant/cross-AppelleeCourt of Appeals for the Eighth Circuit · 2003
- Clear Sky Properties, LLC v. Roussel (In re Roussel)United States Bankruptcy Court, E.D. Arkansas · 2012
- Caine v. First State Bank (In re Caine)United States Bankruptcy Court, W.D. Arkansas · 2011
- In Re CameronUnited States Bankruptcy Court, E.D. Arkansas · 2011
- TCBY System, Inc. v. RSP Co.Court of Appeals for the Eighth Circuit · 1994
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