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Contracts Keyed to Dawson
Osborne v. Bullins
Facts
Osborne contracted to buy the lot and improvements for $85,000 within 60 days. Bullins tendered adequate performance of his obligations, but Osborne refused to close, contending he was unable to secure financing. The Chancery Court rendered a judgment for the seller in the amount of the purchase price, secured by a vendor’s lien; and directed Bullins to convey the premises to Osborne and deposit the deed with the clerk of the court, to be released to Osborne once he paid the judgment.
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