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SHEEK v. LEE

22576

289 S.C. 327 (1986)

345 S.E.2d 496

Arthur E. SHEEK and Barbara L. Sheek, Respondents v. Robert Michael LEE and Candace Rix Lee, Appellants.

Supreme Court of South Carolina.

Decided June 16, 1986.

Attorney(s) appearing for the Case

H. Michael Gainey and Everette Hoke Babb, Mauldin, for appellants.

Robert M. Ariail of Mitchell & Ariail, Greenville, for respondents.

Heard April 22, 1986.

Decided June 16, 1986.

NESS, Chief Justice:

Appellants Lee (buyers) appeal an order of the master which awarded respondents Sheek (sellers) damages for the buyers' failure to close a real estate transaction. We affirm in part and reverse in part.

The buyers contracted to purchase the sellers' home and deposited $2,000 as earnest money. When the buyers failed to consummate the sale, the sellers retained the earnest money...

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