Robertson v. Dodson

WAGLER, J. pro tem.

This is an appeal from a judgment in favor of the plaintiff in an action to recover the sum of $500, paid as a deposit under a written contract to purchase certain real property owned by defendant.

The contract in question was executed on October 5, 1936; it acknowledged the receipt of the sum of $500 on account of an agreed purchase price of $8,000. Other provisions of the purchase agreement pertinent to this appeal read as follows:

“The balance of the purchase price is to be paid within ten (10) days from date hereof, as follows, to-wit: On completion of financing and…