CLARK, Circuit Judge.
The facts in this case are relatively simple. Appellee (defendant below) contracted to sell to appellant certain parcels of land on which appellant intended to erect certain warehouses. This purpose was well understood between the parties. A deposit of $5,000.00 was paid out of a total purchase price of $100,000.00. Appellee was not at that time the actual owner of the property but had a contract for its purchase at a stipulated price from the...
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