Essays on Earnest Money

REAL ESTAST CONTRACTSeller: Robert Riddell3310 Gilbert DriveLiberty, Texas 75007Buyer: Billy Wayne Johnson2244 Shady TrailLiberty, Texas 75007Property: 635 Wishbone StreetTallulah, Texas 75007Earnest Money: $10,000 Cash delivered to the Title Company upon full execution.Title Company/Escrow Agent: Eastland Title Company535 State AveLiberty, Texas 75007FOR TEN DOLLARS AND OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, THE PARTIES HERETO AGREE AS FOLLOWS:1. Seller agrees to sell to Buyer and Buyer agrees to buy from Seller the Property for a purchase price of $124,000 ($175,000) to be payable at closing which shall occur on the first ...

Seller: Robert Riddell

3310 Gilbert Drive

Liberty, Texas 75007

Buyer: Billy Wayne Johnson 2244 Shady Trail Liberty, Texas 75007

Property: A. LAND: Lots 2 & 3, Block B, First Liberty Subdivision

635 Wishbone Street

Tallulah, Texas 75007

*Recorded in vol. 18, page 28 of the Real Property Records, Cinco County, Texas

B. IMPROVEMENT: A small building attached to the above-described property

Earnest Money: $10,000 Cash to be delivered by the Buyer to the Title Company upon full execution and within two days after the effectivity of this contract. Failure of the Buyer to do so will render him in default. 535 State Ave FOR TEN DOLLARS AND OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, THE PARTIES HERETO AGREE ...

Southeastern Land Fund, Inc. v. Real Estate World, Inc. 237 Ga. 227 (1976)

The plaintiff (seller) brought an action against the defendant (buyer). The allegations were about a contract of sale of a real estate. The plaintiff action sought to recover the price of $45,000 plus the interests. They also sought to recover their lawyer’s fees upon a promissory note referred in the contract. The defendants appeal to is founded on the basis that the trial judged erroredin grating summary judgment in favor of theplaintiff and denying a summary judgment and a counterclaim from the defendant.

Issues

Whether the contract provisions that the ...