Fields v. Thompson

Carley, Judge.

Defendant-appellants, Mr. and Mrs. Fields, entered into a contract to purchase a house and lot from plaintiff-appellee Thompson. Pursuant to this contract, the Fields executed a promissory note to Thompson in the amount of $14,522.97, due and payable in full on or before November 8, 1980. This note also contained the following provision: “The undersigned hereby reserves the right to set-off any amounts incurred by the undersigned for termite and beetle damage to the house... identified prior to the due date of this note. The undersigned will notify the promisee in writing of any…