Bayless v. Ames

The defendants were on the twelfth day of June, 1921, the owners of two lots in the Navelencia Farms tract in the county of Fresno, which on that day they agreed to sell to Joseph Vaughn for the sum of $12,000, “to be paid by the said Joseph Vaughn by applying to the payment of the interest at the rate of eight per cent per annum, and the excess as a payment on the principal sum, sixty per cent of the gross proceeds received from the sale-of all crops to be grown on the premises to be sold.” Thereafter, and on the twentieth day of June, 1921, the plaintiffs purchased from said defendants said…