Berkeley Sulphur Springs v. Liberty

Backes, Y. C.

The complainant owned an eighteen-acre tract of land, subdivided into building lots. The defendant Liberty owned a quarter interest in the company and was the local agent for the sale of lots. He contracted to sell six contiguous lots to one Krantz for $2,500; $250 down payment, $750 upon delivery of deed, and $1,500 in one year, secured by mortgage. The contract was made April 25th, 1931, to be performed by June 1st, then next. It is in the nature of a receipt, signed by Liberty, for the $250 down payment, states the particulars of sale, and concludes that “all this is subject…