The only issue in this appeal is whether the contract for the sale of real estate entered into by the parties is enforceable in light of the statute of frauds, General Statutes § 52-550. 1 The defendants maintain that a contingency clause in the agreement which provided that the agreement was “subject to purchasers obtaining mortgage in amount of $25,000 for 30 years at not more than 8 %%” rendered the parties’ written memorandum too ambiguous, uncertain and indefinite to satisfy the statute.
A memorandum does not satisfy the statute of frauds if it lacks essential terms concerning the performance contemplated by the contract.
Lynch
v.
Davis,
The clause challenged as uncertain in the present case was not a promise in the agreement to be performed by the parties, but rather was a condition precedent to performance. See
Lach
v.
Cahill,
There is no error.
Notes
The contract in this case was entered into before the effective date of Public Acts 1976, No. 76-69.
