(Download) "Mason v. Salomon" by New Mexico Supreme Court # eBook PDF Kindle ePub Free

eBook details

Title: Mason v. Salomon
Author : New Mexico Supreme Court
Release Date : January 20, 1957
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 50 KB

Description

Walter C. Salomon and Marrian S. Salomon, his wife, were the owners of a hotel business and the real property on which it was located. On November 21, 1955, they entered into an escrow contract whereby they agreed to sell and Lawrence J. Mason agreed to buy said property. Of the purchase price, $15,000, in cash, was to be placed by Mason in escrow with the First National Bank of Roswell, New Mexico, $3,000 as earnest money, upon execution of the contract and the balance of $12,000 on December 1, 1955. It was provided that "time is the essence of this contract in all particulars." The Salomons "warranted that their gross receipts from room rentals for the year 1954 amounted to $26,700, which amount does not include rentals from commercial space on the first floor of the building."