Opinion ID: 1144948
Heading Depth: 1
Heading Rank: 3

Heading: Purchase Agreement Acceptance and Receipt

Text: Relevant provisions of the Purchase Agreement Acceptance and Receipt, i.e., the contract for sale, entered into by the parties hereto on the 31st day of May, 1977, are the following: 1. Paragraph 8 of the aforesaid agreement provides in relevant part: Promptly after SELLER'S acceptance of this offer, SELLER shall, at SELLER'S expense, ... furnish BUYER a Title Insurance Policy in the full amount of the purchase price of the real property in a Title Insurance Company authorized to do business in the State of Wyoming, reflecting merchantable fee title in SELLER, ... subject only to ... (e) zoning or building laws or ordinances if any... . (Emphasis supplied.) 2. Paragraph 10 of the agreement provides: If a Title Insurance Policy is furnished by the SELLER, the SELLER shall also within 15 days after acceptance of this offer, furnish the BUYER with a written Commitment from the Title Insurance Company evidencing its willingness to issue the required Title Insurance Policy upon completion of sale, . .. (Emphasis supplied.) 3. The parties further agreed in Paragraph 11: SELLER agrees to execute and deliver all necessary instruments and transfer title by General Warranty Deed.