Williams v. Gottlieb

1. A real-estate contract for the sale of property which provides, “The purchase ¡price of said property shall be: Fourteen thousand and no/100 dollars, $14,000.00, to be paid as follows: Buyer to secure $10,000 loan, Balance of $4,000 cash,” is too indefinite to be enforceable and the vendee thereunder may elect not to perform under the contract and recover the earnest money paid under the purported contract to the agent of the vendor. Erwin v. Hardin, 187 Ga. 275 (200 S. E. 159); Reid v. Hemphill, 82 Ga. App. 391, 395 (2) (61 S. E. 2d 201); Trust Company of Georgia v. Neal, 161 Ga. 965…