Wilt v. Waterfield

273 S.W.2d 290 (1954)

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Nature of the Case

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Facts

P made a written contract with D to purchase his farm for $19,000 with $1,900 paid as a down payment. D instead decided to sell to Windon for $26,000. P sued for $10,000, and a judgment was entered for P for $7,000 plus $700 in interest. The written contract called for liquidated damages of 10% of the agreed sales price. D appealed.