Boozer v. Chandler

STONE, Judge.

The parties entered into a deposit receipt contract for the sale of real estate. Under the terms of the agreement and an addendum, the buyer executed and delivered two promissory notes. The buyer failed to close. Final judgment was entered in favor of the seller. We affirm. See Makris v. Williams, 426 So.2d 1186 (Fla. 4th DCA 1983); Alvis v. Investment I, Inc., 504 So.2d 508 (Fla. 2d DCA 1987); In re Alchar Hardware, Co., Inc., 764 F.2d 1530 (11th Cir.1985).

The contract initially called for a $10,000 deposit consisting of “cash $5,000 — $5,000 promissory note redeemable at…