Delap v. Parcell

On June 5, 1930, appellant, Kirshner, entered into a land contract with the defendants, Robert E. Parcell and wife, for the sale of certain premises for an agreed consideration of $7,500. The Parcells agreed to pay $50 a month during the first year, $60 a month during the second year, and $100 a month during the third year. Payments under the land contract commenced on June 15, 1930. The contract further provided that at the end of the three-year period, when the sum of $2,520 had been paid, Kirshner agreed to deed the premises in question to Parcell and wife and take back a purchase-money…