Drake v. Redman

KENNEDY, Presiding Judge.

This is an appeal by one of the buyers in an aborted contract to purchase real estate, from a judgment against them and in favor of the sellers for $12,500 liquidated damages provided by the contract. The case was tried to the court without a jury.

We affirm the judgment.

Plaintiffs, husband and wife, entered into a contract dated August 22, 1977, to sell to defendants Roland Jon Redman (the appellant) and his then wife, Gayla Marie Red-man, their Linn County farm for $300,000. The purchase price was to be paid $25,000 with the execution of the contract, $55,000 cash at…