Hinkell v. Adams

This is a suit for specific performance brought by sellers of real estate against allegedly defaulting purchasers. On February 22, 1984, John W. Hinkell and Beverly M. Hinkell, his wife (the Hinkells), contracted with C. Douglas Adams and Fern L. Adams, his wife (the Adamses), to purchase about 30 acres of the Adamses’ 92.9907-acre tract in Loudoun County. The contract provided a closing date of September 30, 1984, “or as [soon] thereafter as financing can be arranged.”

The Hinkells unsuccessfully sought financing of the estimated purchase price of $75,000,1 and for the erection of a modular…