McCollum v. Malcomson

*528CASE SUMMARY

Lowdermilk, J.

This case was transferred from the Second District to this office in order to lessen the disparity in caseloads between the Districts.

Respondent-appellant Raymond McCollum appeals from the trial court’s “judgment” ordering him to pay $25,000 to the predecessor of petitioner-appellee Duge Butler, Jr., receiver for defendant Abacus of Indiana, Inc.

We reverse.

FACTS

McCollum and his wife, as sellers, and Malcomson and his • wife, as buyers, on March 4, 1974, entered into a contract for the sale of a residence located in Hamilton County. The sale price was $94,500;…