din a contract that specified July 31 as the date for the closing. MW paid 8 percent interest on the balance if it failed to close on time. Simpson was not a attses and MW, but he had loaned MW the money for the down payment. As security for buying from the Wattses. When S. Wote and assignment pursuant to which MW assigned all of its interest in the real estate it was for a 10-day grace period before he could enow this note, he realized that it did not become due until August 4 and, in addition, provided result, Simpson entered an agreement wihforce his rights against MW. This left Simpson vulnerable to losing the deposit money. As a the exclasive right to purchase the propely on the same which the Wattses agreed to a I4day period during which Simpson would have failed to buy the property, and the Wauses son the same terms of MW, including credit for the down payment, should MW default. MW assignment contract between MW and Se sued MW, Simpson, and others. In their claim against Simpson, the Wattses argued that the the Wattses and MW. Given these fices, dimpon obligated Simpson to perform the promises set forth in the real estate contract between he was obligated to buy the Wattses propery dipon assume the duties MW owed to the Wattses by becoming MW's assignee such that