115 Ga. App. 602 | Ga. Ct. App. | 1967
Where a contract for the sale of a described tract of realty provides that the fixed and definite purchase price of $704,500, as set forth therein, is to be paid as follows: Purchaser to buy subject to an existing first mortgage (which is fully described); that “This loan balance after January 1966 payment estimated at $555,000; seller to accept purchaser’s equity in property known as 2998 Grandview Ave., N.E. in the amount of $23,500; purchaser to pay cash in the amount of $22,000; seller to accept purchase money note and security deed on above property in the amount of $104,000,” with interest rate, term and monthly payments on such note fully described, such contract was too vague, indefinite and uncertain to be enforced. No closing date of the sale contemplated by the contract was definitely provided for therein,
Judgment affirmed.