Cook v. King Manor and Convalescent Hospital

Opinion

LORING, J. *

Plaintiffs Herbert A. Cook and Joan D. Cook (hereafter collectively Cooks) entered into a written contract with defendant King Manor and Convalescent Hospital, a California corporation (King Manor) to purchase from King Manor a fee title interest, and a leasehold interest in certain real property and a convalescent hospital constructed thereon (hereafter Hospital) at Santa Ana, California. Paragraph 1(a) of the contract required the payment of $25,000 to be paid outside of escrow upon the opening of the escrow referred to in the agreement. Paragraph 31 of the agreement…