Perkins v. Gosewehr

Joe L. Perkins and Sherrion Dotson, a/k/a Sherrion L. Perkins (Perkins), entered into a residential real estate purchase agreement with Carl L. and Ruth M. Gosewehr (Gosewehr). The agreement contained a financing contingency clause reading in pertinent part, “This offer is contingent upon buyer obtaining a first mortgage commitment for $52,000.” We find the contract unenforceable because it is void for indefiniteness.

On September 14, 1977, Perkins submitted an offer to purchase the Gosewehr home located in Brown Deer, Wisconsin, for $65,000. The offer was made subject to a financing…