[DOWNLOAD] "Luz V. Lopes" by Supreme Court Of California ~ eBook PDF Kindle ePub Free
eBook details
- Title: Luz V. Lopes
- Author : Supreme Court Of California
- Release Date : January 22, 1960
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 56 KB
Description
On January 4, 1956, plaintiffs Arthur Luz and Lillian Luz, his wife, entered into a written agreement with defendants Ralph Lopes and Vern Lopes, his wife, whereby defendants agreed to purchase from plaintiffs certain unimproved real property in San Jose. The purchase price was $13,000, and no down payment was made. The purchase price was to be payable in monthly installments of $100 including principal and interest at 6 per cent, with the first payment due on February 15, 1956. The agreement provided, among other things, that time was of the essence; that the buyers were to pay all taxes and assessments from the date of the agreement; and that, upon failure of the buyers to comply with the conditions and covenants of the contract or to make payments when due, the sellers would be entitled to retain all amounts already paid as consideration, and would thereupon be released from the duty to convey the property.
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