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GRANDON v. ELLINGSON

No. 52176.

144 N.W.2d 898 (1966)

Eugene L. GRANDON, Appellee, v. G. L. ELLINGSON, Appellant.

Supreme Court of Iowa.

September 20, 1966.

Attorney(s) appearing for the Case

Westfall, Laird & Burington, Mason City, for appellant.

Lynch, Dallas, Smith & Harman, Cedar Rapids, for appellee.

STUART, Justice.

This is an action for specific performance of the provisions in a contract for the sale of stock in a closely held corporation which provided for the retransfer of the stock and return of a $15,000 deposit, both held in escrow, in the event purchaser could not obtain a certain loan. Seller claimed waiver of or estoppel to assert the condition and counterclaimed for the contract price of the stock. Seller demanded a jury trial of all law issues raised...

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