Niernberg v. Feld

Philip and Melba Niernberg, husband and wife, defendants in the trial court, as owners of certain real estate, entered into a sales agreement with Nathan B. and Esther Feld, which agreement was designated as “Receipt and Option.” The Felds paid $1,500.00 as a deposit on the agreed purchase price of $27,000.00, the balance to be paid on or before May 5, 1952, part in cash and part by a note secured by deed of trust on the property. Abstract of title was to be furnished the buyers on or before April 25, and, provided payment was made or tendered by the buyers on or before May 1, the sellers…