At issue in this case is the disposition of a $15,000 deposit made by defendant and held in escrow by plaintiffs' attorney on a contract to purchase plaintiffs' real property for $150,000. The closing date of August 5, 1994 recited in the contract was mutually extended to September 1, 1994 and then later set by plaintiffs as September 23, 1994, with time expressly stated to be of the essence. Defendant failed to close and plaintiffs...
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