Title Guaranty Escrow Services, Inc. v. Powley

OPINION OF THE COURT BY

HAYASHI, C.J.

Appeal is taken from the order of the trial court finding that Edison Powley, William F. White, and Keith V. Shepherd (hereinafter Buyers) had forfeited a $50,000.00 deposit paid into escrow as part of the down payment on the purchase of the Diamond Head Beach Hotel by their inability to pay the balance of the down payment in compliance with the terms of the Deposit Receipt, Offer and Acceptance (DROA).

At issue is whether the court erred in its ruling. More specifically, appellants-Buyers raise the issues (1) whether the court’s refusal to admit certain…