The plaintiffs accepted the defendants' offer to purchase their residential property for $1,200,000, which required a $40,000 deposit upon acceptance.
The defendants failed to pay the deposit and advised they could not complete the purchase.
The plaintiffs accepted the repudiation and sold the property to another buyer for $1,130,000.
The plaintiffs sued for the $70,000 difference in purchase price.
The court held that the deposit was not a condition precedent to the contract, the defendants breached the agreement, and the plaintiffs reasonably mitigated their damages by selling to the other buyer without re-listing the property.
Judgment was awarded to the plaintiffs for $70,000.