Opinion ID: 1611002
Heading Depth: 1
Heading Rank: 4

Heading: Having determined the exercised option agreement is specifically enforceable, we hold the parties contemplated a reasonable time for payment of purchase price and transfer of title.

Text: Accordingly, trial court shall enter a decree of specific performance which, among other things shall provide defendants promptly deliver to plaintiffs an abstract showing good and marketable title, and on or before August 1, 1969, likewise deliver good and sufficient deed conveying the subject property to plaintiffs, whereupon the agreed purchase price shall be paid, unless for good cause shown trial court shall order such extension of time as may be reasonably necessary. With regard to the foregoing see sections 624.29-624.35, Code, 1966, and Decker v. Juzwik, supra, at 255 Iowa 378-379, 121 N.W.2d 652. This case is reversed and remanded with instructions that trial court set aside the decree heretofore entered, enter a specific performance decree as prayed, and for such further proceedings, consistent with this opinion, as may be lawfully necessary and proper. Reversed and remanded with instructions. All Justices concur, except MOORE, J., who concurs in the result.