Cashman v. Sheaffer

BAYLEY, J.,

Defendants Maynard L. Sheaffer and Harold Rudy owned 57.7 acres of unimproved land in Hampden Township. In a written agreement of sale dated August 17, 1977, defendants agreed to sell this land to plaintiff, George H. Cashman. The contract price was *513$300,000, with annual payments, in part, of $25,000. Cashman avers that he has made the following payments of principal, interest and taxes:

$25,000 when the parties signed the agreement of sale on August 17, 1977;

$33,250 on or about August 16, 1978;

$32,500 on or about August 10, 1979.

The principal balance of $225,000, including real…