Takewell v. Masters

hThe sellers, Rebekah W. Masters, Wendell Wyatt, Juanita W. Tucker and David Biddle (“the Wyatts”), appeal a judgment ordering a reduction of purchase price of $11,885.71 to the buyers, Edward and Bonnie Takewell, and awarding attorney fees of $3,260. For the reasons expressed, we reverse and render.

Factual Background

On March 3, 2009, the Takewells signed a standard-form residential agreement to buy or sell (“buy-sell agreement”) by which they agreed to buy from the Wyatts a tract of land on Hwy. 80 in Calhoun, Ouachita Parish. The buy-sell agreement described the tract as a “beautiful 7…