Peyer v. Jacobs

Jacobs, the defendant and appellant, owned a farm and wished to sell it. He listed it for sale with one Hamilton, a salesman employed by defendant Thornton Realty Corporation. Hamilton approached Mr. and Mrs. Peyer, the plaintiffs, and interested them in the purchase. After talking over the terms on which Peyer would be willing to buy, Hamilton prepared an “Offer to Purchase” which the Peyers signed and which was then presented to Jacobs. On June 23, 1953, Jacobs accepted it in writing and so did Thornton Realty Corporation. The material provisions of this offer were:

The price is $30,000,…