L & E FARMS v. Leonard

Plaintiff L & E Farms 1 purchased land from defendant Roy Leonard. Leonard appeals from a judgment declaring that L & E Farms fully performed its obligations under their land sale contract and that the property is free of any vendor’s interest. We affirm.

In 1979, Leonard agreed to sell his property to L & E Farms. The contract stated a purchase price of $300,000, of which $225,000 was allocated to the land and $75,000 was allocated to the house. The contract provides:

“(1) $100.00 has been heretofore paid as earnest money;

“(2) $27,900.00 upon execution of this Agreement, receipt of both sums…