Hotz v. Equitable Life Assurance Society

The transaction out of which this litigation arose is a very simple one, but the legal questions involved are not so simple or easy of solution. The contract, if there was a contract, consisted of a paper designated “FARM OFFER AND ACCEPTANCE BLANK”, pertinent provisions of which are as follows:

“Cedar Rapids, la., June 24,1935.

“To R. J. Harrison, Realtor, Agent for owner of the property hereinafter described:

“-hereby offer to purchase the following described real estate, to-wit: (Here follows a description of real estate) for the sum of $47,500.00, Forty seven thousand and five hundred…