Court Opinion

ID: 9616492
Source: CourtListenerOpinion
Date Created: 2023-08-22 04:47:20.118733+00
Date Added: 2024-06-11T09:56:15.788170
License: Public Domain

Schroeder, J.,
dissenting.
In my opinion the clear wording of the option contract required tender of payment and notice of intent to exercise the option prior to September 1, 1973. The option contract reads in part: “Brubacher does hereby give and grant to Loose an option to purchase said above-described real estate for the sum of $23,000 on or before the 1st day of September, 1973.” (Emphasis added.)
The above phrasing of the conditions precedent cannot be rearranged in the contract for the simple expedience of reaching a contrary conclusion.
The contract further specified that Loose pay to Brubacher, in addition to the sum of $23,000.00 the sum of $53.33 per month from the time Brubacher obtains merchantable title until exercise of the option. This is not an additional sum which is subject to negotiation. The amount is definitely ascertainable and fixed by the contract. - It must be paid with and in addition to the $23,000.00. When title to this real property became merchantable is a fact known to both Loose and Brubacher, who were the parties (vendor and vendee) to the contract of sale and conveyance involving the specific tract of real property covered by the option contract.
It is respectfully submitted the judgment of the trial court should be affirmed.