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KASTEN CONSTR. CO. v. JOLLES

[No. 401, September Term, 1970.]

262 Md. 527 (1971)

278 A.2d 48

THE KASTEN CONSTRUCTION COMPANY, INC. ETC. v. JOLLES ET AL.

Court of Appeals of Maryland.

Decided June 7, 1971.

Attorney(s) appearing for the Case

Charles C.W. Atwater, with whom were David A. Carney and J. Edward Martin, Jr., on the brief, for appellants.

Edward H. Kerman, with whom was Julius I. Fox on the brief, for appellees.

The cause was argued before HAMMOND, C.J., and BARNES, McWILLIAMS, FINAN, SINGLEY, SMITH and DIGGES, JJ.

DIGGES, J., delivered the opinion of the Court.

In Dixon v. Haft, 253 Md. 692, 253 A.2d 715 (1969) this Court was called upon to interpret the legal effect of a provision in a real estate contract which permitted the purchaser to renege before settlement and suffer only the forfeiture of a $5,000 deposit. Speaking for the Court, Chief Judge Hammond identified the so-called "Memorandum of Sale...

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