Richards v. Bycroft

This case arises out of a controversy concerning a contract for the sale of a tract of land in Kearney, Nebraska. The contract was in the form of an offer to purchase by Crandell Development Corporation accepted May 4, 1973, by Ronald E, Bycroft, one of the sellers and as agent for the other sellers. Bycroft owned an undivided one-half interest in the property.

The contract provided for a purchase price of $75,000 of which $7,500 was earnest money deposited in escrow, with the balance to be paid on final settlement. The contract further provided the sellers agreed to pay the expense of…