[DOWNLOAD] "Hopkins v. Underwood" by Colorado Supreme Court * Book PDF Kindle ePub Free

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eBook details

• Title: Hopkins v. Underwood
• Author : Colorado Supreme Court
• Release Date : January 25, 1952
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 55 KB

Description

Hopkins, as buyer, and Underwood, as seller, on December 5, 1950, entered into an agreement for the sale and purchase of one million shares of stock of the Sioux Oil Company, to be delivered and paid for in fifty thousand-share lots, at prices and on dates therein specified. The first delivery date was December 30, 1950, and the last delivery date June 30, 1951. The contract provided for delivery and payment on or before the dates mentioned therein and further provided "that time is of the essence of this Agreement but the Buyer shall have a period of five (5) days grace to make payment on the dates provided herein, if it be necessary." The contract further provided that if the buyer failed to perform any of the provisions of the agreement, he was to pay the agreed sum of one thousand dollars to the seller as liquidated damages. It also was provided that upon the execution of the agreement, the seller would deliver to Harper M. Orahood, as escrow agent, twenty certificates, each for fifty thousand shares of the stock involved, endorsed in blank to be delivered according to the terms of the agreement.

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