D. W. Kaufman Realty Co. v. Unknown Heirs of Lucas

On November 2, 1915, Ernest Lucas purchased from the D. W. Kaufman Realty Company a lot, with a small house or “shack” thereon, for $375, paying $10 down and agreeing to pay taxes and interest and $5 per month until the balance of the purchase price was paid. The written contract entered into by the parties contained a provision that if any of the installments were not paid within 60 days after falling due, all of said installments should become due, at the election of the realty company.

It also provided that in case of default by the purchaser, the realty company could elect to treat the…