Korman v. Kieckhefer

OPINION

NELSON, Judge.

This action arose out of an escrow agreement entered into on April 4, 1973 between S. Korman, appellant herein, and the Kieckhefers, appellees herein, providing for the sale of certain property along North Central Avenue in Phoenix which Korman wanted to acquire, along with other property not involved in this agreement or lawsuit, to construct a high-rise hotel-apart ment complex. The sale was contingent upon the securing of appropriate zoning and site plan approval of the City of Phoenix. The agreement provided that if the buyer, Korman, failed to furnish to the seller…