Baker v. Hardy

On November 14,1932, appellant and appellees entered into a written agreement by which the small lot described in the contract was to be purchased by appellant from appellees, and the latter were to convey the same to appellant upon the payment of the purchase price thereof, to wit, $500. It was therein further agreed that appellant was to have a period of five years within which to pay the purchase price, but at the end of each year within that period appellant was to pay ten percent per annum interest on any part of the purchase price then unpaid.

It was further stipulated that appellant…