Bechtold v. Kaufthiel

SCHOONOVER, Judge.

Appellant, Carl F. Bechtold, appeals from a final judgment cancelling the obligation of appellee, Albert G. Till, under a promissory note and mortgage. We reverse.

This action arose out of the sale of Bech-told’s business in Collier County, Florida, to Ellis and Elizabeth Kaufthiel. The contract between the parties provided for a cash payment of $10,000 and a promissory note in the amount of $25,000. Security for payment was required and the note was to be executed by a co-signer. Pursuant to the contract, a promissory note for $25,000 was executed by Ellis Kaufthiel and his…