Wey v. Dooley

October 25, 1905, appellant executed a contract in writing to sell and convey to appellee on or before March 1, 1906, 80 acres of land in McLean county. The contract provided that appellant should furnish to appellee by December 1, 1905, an abstract showing a good record title to the premises free and clear of all encumbrances, except a certain lease, which was to be assigned, and further provided that either party failing to comply with the terms thereof, should forfeit to the other party $1,000 as fixed and liquidated damages. Upon the execution of the contract, appellee paid to appellant…