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PRESCOTT v. VERI

No. 83-605-Appeal.

507 A.2d 453 (1986)

Gary O. PRESCOTT et al. d/b/a PSI v. Albert VERI et al.

Supreme Court of Rhode Island.

April 14, 1986.

Attorney(s) appearing for the Case

Neil P. Philbin, Charles A. Hirsch, Kirshenbaum & Kirshenbaum, Cranston, for plaintiffs.

Michael H. Feldhuhn, Thomas C. Angelone, Hodosh, Spinella & Angelone, Providence, for defendants.

OPINION

SHEA, Justice.

The matter before the court arises out of a real estate purchase-and-sale agreement. On October 6, 1978, the plaintiffs, Gary O. Prescott and Harold Shein, partners doing business as PSI (PSI), executed a written purchase-and-sale agreement with the defendants, Albert and Linda Veri (Veri). The Veris made a deposit of $10,000 toward the purchase of the property, but there was never a closing on the property. PSI filed suit in Superior...

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