The plaintiffs (vendors) brought a motion for summary judgment seeking a $50,000 deposit from the defendants (purchasers) after a residential real estate deal failed.
The vendors argued a binding agreement was formed, while the purchasers contended that the vendors' addition of "Schedule B" and requirement for its acknowledgment constituted a counteroffer that was never accepted.
The court applied the test for summary judgment and found that the vendors' actions, including the MLS listing stipulation and the demand for Schedule B to be initialled and signed, indicated they considered Schedule B an essential part of the agreement.
Therefore, the return of the agreement with Schedule B was a counteroffer, which the purchasers did not accept.
The court concluded that no binding contract existed and dismissed the vendors' claim for the deposit.