Opinion ID: 1181673
Heading Depth: 1
Heading Rank: 1

Heading: Is an earnest money real estate agreement a `contract' within the meaning of Chapter 11?

Text: 2. May a seller and buyer contract for the payment of the tax pro rata or entirely by the buyer, and is such a contract enforceable? 3. Does the sale price against which the tax percentage is applied include only the equity of a contract buyer when he sells his interest under the contract, or does it include the entire purchase price, composed of his equity plus the balance due on the contract? 4. Is this tax payable to the County Treasurer at the time a real estate contract is executed or when the deed conveying title is filed? 5. Is this tax payable on a `sale to satisfy a debt'? For the reasons stated in the case above cited, the court has properly declined to answer these questions and I think that it should be specifically stated that the court is not, by what is said in the last paragraph of the opinion, passing upon any questions other than those properly before the court. With this exception, I concur in the opinion.