Ricchio v. Oberst

On May 28, 1972, the plaintiff executed an offer to purchase certain real estate owned by the defendants in Kenosha, Wisconsin. The offer to purchase specified the price of $26,000 and, among other things, provided the following as a condition of the sale:

“It is agreed that the closing shall take place on or after June 1, 1973, but not later than June 30, 1973.”

The sale was not made contingent upon the plaintiff obtaining financing. The offer to purchase, drafted on the standard legal form, specified that the transaction was to be closed at a named attorney’s office on or before June 30,…