BAKER v. PHILBIN

Docket No. 17389.

97 Cal.App.2d 393 (1950)

218 P.2d 119

SAMUEL F. BAKER et al., Plaintiffs and Appellants, v. PHILIP PHILBIN et al., Defendants and Appellants.

Court of Appeals of California, Second District, Division One.

May 8, 1950.


Attorney(s) appearing for the Case

Victor Ford Collins, Hyman Smith and Frank J. Kanne, Jr., for Plaintiffs and Appellants.

Loeb & Loeb and H.F. Birnbaum for Defendants and Appellants.


DRAPEAU, J.

Edward Schulz made an offer to buy Camp Anza from the War Assets Administration, and deposited $2,500 to bind the bid. The purchase price was $510,000. He had to have $99,500 to make his down payment. He was a man of limited finances, and quite likely was greatly surprised when the government notified him that his bid was to be accepted. Most certainly he was exceedingly disturbed. For, unless he could raise the down payment he stood to lose $2,500. So...

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