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HIGHLAND INNS CORP. v. AM. LANDMARK CORP.

No. WD 33117.

650 S.W.2d 667 (1983)

HIGHLAND INNS CORPORATION, Respondent, v. AMERICAN LANDMARK CORPORATION, and Overton Realty, Inc., Appellants.

Missouri Court of Appeals, Western District.

April 12, 1983.

Attorney(s) appearing for the Case

Gary G. Sprick, Fayette, for Landmark Corp.

Daniel Ochstein, Holts Summit, for Overton Realty.

Walter H. Bley, Jr., Sapp, Woods, Orr & Bley, Columbia, for respondent.

Before SHANGLER, P.J., and PRITCHARD and DIXON, JJ.

SHANGLER, Presiding Judge.

The appeal involves obligations under a contract to purchase real estate. The subject of the transaction was a Master Host Inn and grounds in the city of Columbia. Highland Inns was the seller, American Landmark was the buyer, and Overton Realty, Inc. was broker and agent for the seller. The contract provided, among other terms:

Buyer to pay seller $950,000 on closing. Subject to buyer obtaining a one year first mortgage in the...

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