Moore v. Bunch

In July of 1967 plaintiff and her husband (now deceased), as vendors, and defendants, as vendees, executed a land contract. The contract contained the customary acceleration clause which gave plaintiff the option of declaring the entire balance due in the event of default for 45 days. Defendants paid $10,000 of the $42,000 purchase price immediately, and under the terms of the contract, were to pay $225 on the 21st day of each month beginning in September, 1967.

Payments were made regularly, although a few days late, through April, 1968. Defendants then stopped payments and informed the…