Fernandez v. Agor

Mitchell,

— On February 15, 1926, Benn Agor, on behalf of his father, Peter Agor, entered into a conditional sales contract by which he sold and delivered to Charley Fernandez, Julius Fernandez, Joe Ansalas, and Bautista Echeverra, 3,434 ewes, 70 lambs and a camp outfit. After admitting part payment, the contract refers to the balance due as follows:

“ . . . which said balance shall be paid with interest at 8% per annum, payable annually on January 1st. of each year hereafter, by paying to the vendor all of the net profits each year hereafter arising from the business commonly called the sheep…