The action was for the recovery of a $500 deposit paid upon a contract for the purchase of real property. The price for the property was $11,500, and the contract contained the following provisions: "$500.00 deposit, $500.00 balance in cash at time of closing. Mortgage of $10,500.00. This Contract is contingent upon the Vendee's obtaining a G. I. or Veterans Administration mortgage in the sum of $10,500.00. If the above mortgage is not obtained after diligent effort by the...
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