Arizona Title Insurance & Trust Company v. Hunter

McFARLAND, Chief Justice:

This case is before us on a petition for review of a decision of the Court of Appeals, 6 Ariz.App. 604, 435 P.2d 47, reversing a judgment of the Superior Court of Pima County. Decision of the Court of Appeals vacated, and judgment of Superior Court affirmed.

Plaintiffs-appellees, J. Maurice Hunter, and his wife, hereinafter referred to as plaintiffs, sold to defendant, Royal Properties, Inc., hereinafter referred to as Royal, some real property upon which their home was located. The selling price was $30,000, to be paid by $6,000 down; the assumption of an existing…