McCormick v. Grove

OPINION

CONNOR, Justice.

The vendors under a contract for the sale of land are appealing a judgment of the superior court which granted to the purchasers specific performance of the contract.

On January 28, 1963, appellants Margery McCormick and Paul Robison agreed to sell appellees David and Madeline Grove an unimproved lot on International Airport Road near Anchorage. 1 The contract price was $17,000, with a $1,000 down payment and the balance to be paid in monthly installments of $200. The contract contained standard forfeiture and “time is of the essence” provisions. The contract and a…