SHELDON SIMMS COMPANY, INC. v. WILDER

40135.

108 Ga. App. 4 (1963)

131 S.E.2d 854

SHELDON SIMMS COMPANY, INC. et al. v. WILDER.

Court of Appeals of Georgia.

Rehearing Denied June 13, 1963.


Attorney(s) appearing for the Case

Lewis R. Slaton, for plaintiffs in error.

Charles H. Bruce, contra.


NICHOLS, Presiding Judge.

The question presented by the defendants' general demurrer is: Is a sales contract covering real estate, and on which earnest money has been paid by the purchaser, which provides "the purchase price of said property shall be . . . to be paid as follows: This contract is contingent upon the purchaser's ability to obtain a loan on said property of $24,000 with maximum interest of 6 1/4 percent per annum, for a maximum period of twenty years...

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