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HATFIELD v. MIXON REALTY CO.

No. CA 80-57.

601 S.W.2d 894 (1980)

Herbert HATFIELD et ux., Appellants, v. MIXON REALTY CO. et al., Appellees.

Court of Appeals of Arkansas.

June 18, 1980.

Attorney(s) appearing for the Case

William Russell Gibson of Pettus & Johnson, Fayetteville, for appellants.

Hartman Hotz, Fayetteville, Penix, Penix & Mixon by Donn Mixon, Jonesboro, for appellees.

WARREN WOOD, Special Judge.

The basic facts resulting in this litigation were stipulated to by counsel and can be summarized as follows: In the month of September, 1969, Rosa Marinoni entered into a land sale and escrow agreement with Herbert Hatfield involving property located on College Avenue in Fayetteville, Arkansas. Under the agreement Hatfield was to pay seller the sum of $53,000 — $3,000 of which was a down payment, with the balance of $50,000 to be...

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