McGuire v. Norris

Benham, Judge.

Appellants entered into a contract to purchase real estate and the existing business situated thereon from appellee Floyd who was acting as the executrix of her mother’s estate. Appellee Norris, Floyd’s brother and a real estate broker, wrote the sales contract and acted on behalf of his sister. Through the contract appellee Floyd acknowledged receipt of $2,500 earnest money from appellants, and the parties, agreeing that time was of the essence, stipulated that the sale was to be closed on or before May 1, 1985. The sale between the parties was never closed and appellee Floyd…