Moore v. Moore

OPINION

TODD, Judge:

This is a suit by the sellers to recover damages for purchaser’s failure to buy a tract of land as agreed. On July 11, 1978, the plaintiffs, William 0. Moore and Janice Moore, agreed with the defendant, Leon Moore, that plaintiffs would sell and defendant would buy a certain tract of land in Shelbyville, Tennessee, upon terms set out in a written agreement signed by the parties. The purchaser deposited with Jerry Shelton, a real estate agent, the sum of $8,525.00 earnest money, which was the agreed amount of liquidated damages for breach of the contract by purchaser.…