Yarbrough v. Stiles

OPINION

FRANKS, Judge.

Judgment for damages for the breach of contract for the sale of real estate in the amount of $105,000.00 was entered by the trial judge. Defendants have appealed.

The parties executed an agreement in May, 1984, wherein plaintiff granted defendants an option to purchase a parcel of property in Sevier County at a stated price of $245,000.00. The agreement required defendants to tender $5,000.00 as an earnest money deposit, to be held in escrow and applied toward the purchase price.

The agreement provides in the section captioned “CLOSING SCHEDULE’’:

HSL agrees to close once…