Morrison v. Rayen Investments, Inc.

OPINION

By the Court,

Gunderson, C. J.:

On June 23, 1976 appellants executed a document which expressed appellants’ desire to purchase land owned by respondent. The document recited “[t]hat this deposit is taken [by the seller’s real estate agent] subject to the approval of the Seller and said agent is irrevocably granted -15- days from date to obtain acceptance of this offer.” It further specified that the seller’s agent might extend time limits for performance of any act required by the document . . except for the time for acceptance by Seller and possession date. ’’(Emphasis added.)

On July 9,…