Erickson v. Poole

— The controversy here is about some interest payments growing out of a contract for the sale of real estate. Nichols and wife were the owners of the real estate, and they and the appellant entered into a written contract for the purchase of the property by the latter, upon certain terms and conditions. The last of the payments which appellant was to make to Nichols and wife were as follows: January 1, 1923, $2,000; January 1, 1924, $2,500; January 1, 1925, $2,-200; and January 1, 1930, $7,000, aggregating $13,700. All of these payments were to draw interest at the rate of seven per cent per…