Halloran v. German American Mercantile Bank

Holcomb, J.

(dissenting) — I am of the opinion that the written agreement, having been signed by respondent, ac*342cording to its specific terms, upon the default of the option purchaser, the earnest money was, as stated in the agreement, “forfeited to John Davis & Co., ... as liquidated damages.”

Appellant, as assignee of the cause of action, should therefore recover. I therefore dissent.