Larson v. Western Underwriters, Inc.

Defendants appeal from a judgment appointing a receiver and awarding damages to the plaintiffs.

Plaintiffs purchased a home in the city of Sioux Falls from the defendant, Western Underwriters* Inc., on September 30th, 1953. A contract for deed was entered into wherein the plaintiffs agreed to pay the defendant corporation the sum of $8,800. Plaintiffs paid $1,100 cash and agreed to pay the balance in monthly installments of $60. The defendant corporation agreed to pay the taxes and insurance and to add these amounts to the principal balance. A warranty deed was to be delivered to the…