Krupicka v. White

PHILLIPS, Chief Justice.

We withdraw our original opinion and the dissenting opinion and substitute the following.

Krupicka made an oral contract with White to convey a tract of land to White for $7,500. White took possession of the tract, made valuable improvements, then obtained a loan commitment from a savings institution for the purchase price plus $1,500. At the time for consummating the transaction at the savings institution’s office, Krupicka repudiated the contract and refused to sign the deed to the land. White then brought suit against Krupicka resulting in a judgment for White for…