Coral Gables, Inc. v. Jones

Opinion by

Mr. Justice Schaffer,

This is an action of assumpsit on a promissory note. The jury rendered a verdict in defendants’ favor. The court below entered judgment for plaintiff non obstante veredicto. Defendants appeal.

On November 12, 1925, Morris L. Kelley entered into a contract with the Coral Gables Corporation for the purchase from it of a piece of land at Coral Gables, Florida. The purchase price was $15,000, of which he paid down $3,750 and gave his note for the balance, $11,250, which was payable in thirty-six monthly installments of $312.50. The last payment became due on November…