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BRIGHAM v. FIRST NAT. BANK OF ARIZONA

No. 2 CA-CIV 3762.

129 Ariz. 160 (1981)

629 P.2d 996

James S. BRIGHAM and Madaleine Glickman, Plaintiffs/Appellants, v. FIRST NATIONAL BANK OF ARIZONA, a national banking association, Defendant/Appellee.

Court of Appeals of Arizona, Division 2.

Rehearing Denied May 5, 1981.

Review Denied June 2, 1981.

Attorney(s) appearing for the Case

Kerry & Wezelman by Robert A. Kerry and Jonathan H. Randall, Tucson, for plaintiffs/appellants.

Streich, Lang, Weeks & Cardon by William S. Hawgood II and John B. Stewart, Phoenix, for defendant/appellee.

OPINION

HATHAWAY, Chief Judge.

This case presents us with the issue of whether A.R.S. Sec. 33-741, which provides grace periods for forfeiture of the interest of purchasers under contracts for the conveyance of real property, applies to a straight cash transaction and therefore allows a defaulting purchaser extra time in which to close the sale. We hold that it does not and affirm the judgment entered below for seller...

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