Wallace Real Estate Investment, Inc. v. Groves
Court of Appeals of Washington
1Opinion of the CourtPekelis, J.
Wallace Real Estate Investment, Inc. (Wallace) appeals the dismissal of its claim for the refiind of $260,000 in earnest money and extension payments retained as liquidated damages under a real estate purchase and sale agreement. We affirm.
I
On August 1,1989, Roddy Cox, Wallace's assignor, and Joanna Groves, James Siler, and Charles Siler (the sellers) executed a real estate purchase and sale agreement and first addendum whereby Cox agreed to pay $1,520,000 for 10 acres of undeveloped property located in Snohomish County, Washington.
The sellers and Cox, the assignor-purchaser, negotiated the…
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- Management, Inc. v. SchassbergerWashington Supreme Court · 1951
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