Houts v. Scharbauer

JAMBS, Chiee Justice.

W. A. Houts and his wife, J. E. Houts, sued John Scharbauer, John McElroy and S. M. Scott to recover $27,000 and interest from May 3, 1901, as a balance due on the purchase price of 640 acres of land. Plaintiffs found the suit upon three instruments attached as exhibits to the petition, and alleged that by virtue thereof defendants purchased the land for $60,000, one-half of which was paid, and $30,000 payable within a reasonable time with 6 percent interest. That one year after the execution of the deed was a reasonable time, and that defendants had failed to pay same…