Columbia Development, Inc. v. Watchie

(Pro Tempore).

The contending parties in this appeal are the plaintiffs and the Park City Corporation which is referred to as defendant in this opinion. Other defendants are not involved in the disputed questions.

Plaintiffs sold certain real property for $165,000 under a conditional sales contract. Defendant, through assignments, became the contract purchaser. After several instalments of principal and interest had been paid in the total sum of $92,465.19, of which $63,232.98 was principal and the balance was interest, defendant defaulted on July 1, 1966, on a substantial payment *83then due. On…