Real Property – Purchase Option – Strict Exercise – Notice & Earnest Money – Statute of Frauds – Consideration
Miller v. Russell The parties’ option contract required the plaintiff-purchasers to notify the defendant-sellers of the purchasers’ intent to exercise their option to buy two tracts of land from the sellers “by hand delivery or written notice by certified or registered mail, return receipt requested and the sum of $1000 as earnest money to sellers at [defense counsel’s law firm address].”
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Published: December 21, 2011
Time posted: 10:14 am
Tags: Consideration, Notice & Earnest Money, Purchase Option, Real Property, statute of frauds, Strict Exercise







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