Margolis v. Benton

Boyles, J.'

On August 4, 1952, plaintiffs Morris D. Margolis and wife and Ann Erman admittedly signed a written offer agreeing to purchase from the defendant owners, William Benton and wife, a certain brick apartment building in Detroit, for $70,-000. The terms were to be $20,000 down and a land contract for the balance, to be paid in monthly instalments. On the same date defendants William Benton and wife signed an acceptance of the offer, in writing, in accordance with its terms. Two thousand dollars was paid by plaintiffs to the defendants’ real-estate broker, and receipted for, as provided…