Collier v. Wages

R. H. Collier and others leased to F. C. Wages a portion of the ground floor space of a building located in the town of Graham. The lease was in writing, was dated January 14, 1921, and extended over a period of two years from that date. The lease stipulated that Wages agreed to pay as rental for the premises for the entire period the sum of $4,800 in monthly installments as follows: $400 in cash on January 18, 1921, which was the beginning of the rental period; and $200 on the 18th day of each and every month thereafter until the whole sum of $4,800 should be paid. The lease contained this…