Canfield v. Gill

OPINION

This is an appeal from a judgment for respondent following a bench trial on appellant’s complaint for breach of contract. For the reasons stated below, we reverse.

On May 25, 1982, Canfield and Gill executed a document entitled “Sales Agreement and Deposit Receipt.” On its face the document was a sales contract for the sale of Canfield’s business, The Lone Arranger, which specializes in silk and dry flower arrangements.

The document set forth a purchase price of $14,000, with a $500 deposit. The $13,500 balance was expressly due and payable no later than August 1, 1982. The sale of the…