Branan & Schmitz Realty, Inc. v. Ballard

Bell, Presiding Judge.

A contract for the sale of realty must expressly state the consideration or it must furnish a key by which the amount and terms of the purchase price can be ascertained; if the contract furnishes a key to the details of the consideration, that is sufficient. Muller v. Cooper, 165 Ga. 439, 442 (141 SE 300). If the terms of the written agreement show a gross consideration including the assumption of an incumbrance which is properly identified in'the agreement plus payment of *759the balance of the purchase price in cash, the terms of payment can be ascertained by reference to…