Gruesner v. Thatcher

This case arises from an agreement made between plaintiffs and defendants on February 21, 1922. Thereby it was supposed that plaintiffs were selling and defendants buying certain Minneapolis real estate. Except as hereinafter stated, the agreement took the form of the conventional earnest money contract. The down payment was $1,000, $500 of which was made in cash and $500 by a note of defendants, due May 22, 1922. The agreement was not performed farther than that. Plaintiffs remain in possession of the property.

The purchase price was $15,000 and the agreement provided that the last $10,000…