(Download) "Joseph A. Billman v. James F. Hensel and" by First District Court of Appeals of Indiana ~ Book PDF Kindle ePub Free
eBook details
- Title: Joseph A. Billman v. James F. Hensel and
- Author : First District Court of Appeals of Indiana
- Release Date : January 05, 1979
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 59 KB
Description
The Hensels, as sellers, entered into a contract to sell their home to the Billmans (the buyers) for $54,000 cash. A condition of the contract was the ability of the buyers to secure a conventional mortgage on the property for not less than $35,000 within thirty (30) days. When the buyers did not complete the purchase, the sellers commenced this suit to secure a thousand dollar ($1,000) earnest money/liquidated damage deposit required by the contract. The buyers defended upon the basis that they were relieved from performing. The case was tried by the court and judgment was entered in favor of the sellers. The sole question raised on appeal is whether the court properly determined determined that the buyers were not excused from performance. We affirm.