Cloud v. Jacksonville National Bank

Jordan, Justice.

Jacksonville National Bank brought a complaint seeking ejectment and other relief against Marvin Cloud and Sandra Cloud. The parties entered into a stipulation of facts, and judgment was entered by the judge in a nonjury trial in favor of the plaintiff. The defendants appeal from this judgment.

On August 13,1974, Charles Cloud, as seller, and the appellants, as buyers, signed a contract for the sale of described residential property. The time for closing the sale was September 15,1974, and time was of the essence of the contract. The appellants paid $400 as earnest money, but…