Bender v. Donoghue

HUTCHESON, Circuit Judge.

On December 2L, 1933, appellee contracted with appellant to sell him in bulk, subject to the approval of the court, real and personal property of the receivership. The price was $85,000 payable upon approval of titles and delivery of appropriate conveyances.- Twenty days was allowed for examination and approval of titles. Upon approval of contract by the court, $10-,000- was to be escrowed. The contract provided, if titles accepted and valid conveyances delivered within the twenty days, this sum to be paid seller, if not, to be returned to buyer, “in which event this…