ROSELLINI, J.
On August 10, 1950, appellants entered into a contract to purchase a residence from respondent. The purchase price was eight thousand nine hundred fifty dollars, of which one thousand dollars was paid down, and the balance was payable sixty-five dollars, or more, a month on the tenth of each month, including interest at six per cent.
The real-estate contract contained the following provision:
"The purchaser agrees to assume all risk of...
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