Roy v. Vaughan

On February 23, 1909, respondents entered into a contract with Henry Dreffield for the sale and purchase of approximately fifteen acres of land, at $225 per acre. Two hundred dollars was paid in cash, the balance to he paid in five installments, one-fourth of the entire amount on May 1, 1909, and the remainder to he divided into four payments, due February *34623, 1910, 1911, 1912, and 1913, with interest upon deferred payments of eight per cent. The first of these installments was paid when due, and Dreffield went into possession of the land. When the second- installment was due, respondents and…