Margaret H. Wayne Trust v. Lipsky

REINHARDT, Justice Pro Tem.:

This contract dispute arises from a Real Estate Purchase and Sale Agreement entered into between the plaintiff/respondent Margaret H. Wayne Trust (“Wayne” hereafter), as seller, and the defendant/appellant Allan G. Lipsky (“Lipsky” hereafter) as purchaser. The sale was not closed, and Wayne brought an action for damages which was tried without a jury. Lipsky appeals from the Court’s judgment in favor of Wayne.

FACTS

The Margaret H. Wayne Trust owned a condominium in Ketchum, Idaho, which was listed for sale by its Trustee, Margaret Wayne, who is a licensed real…