Jensen v. Nielsen

ELLETT, Justice:

The appellants, plaintiffs below, bought a motel from respondents, defendants in this matter. The agreed price was $35,000, $10,150 of which was paid at the time of signing the contract. The remainder of $24,850 was to be paid at the rate of $200 per month. Thirty-four monthly payments were made, and then the plaintiffs failed to pay anything further. The taxes were unpaid, although plaintiffs were obligated by their contract to pay them. Seven months after the last payment was made, the sellers served notice of cancellation and retook possession of the motel on or about July…