Watson v. Chapman

Thompson, J.-

On March 25, 1947, plaintiffs entered into a written contract by which they agreed to purchase and defendants agreed to sell certain real estate in Pottawattamie County, Iowa, described as Lots 15 and 16 in Block 18, Benson’s First Addition to Council Bluffs, for the sum of $4200. Three hundred dollars was paid down, and the balance of the stipulated sale price was to be paid “monthly” in installments of $25, or more, to be applied upon interest on unpaid balances and the remainder on the principal sum.

All payments due were made to and including January 26, 1951, at which time…