Joplin CMI, Inc. v. Spike's Tool & Die, Inc.

NORWIN D. HOUSER, Senior Judge.

Action on a written contract captioned “Option to Purchase Real Estate” dated May 4,1973, in which for a consideration of $100 Optionor Spike’s Tool and Die, Inc., a corporation, (hereinafter “Spike’s”) gave Optionee Ronald Walker the option to purchase Oscie Acres, a parcel of real estate in Jasper County containing approximately 608 acres, and to pay $800 an acre as follows: $25,000 on the date the option was exercised, $50,000 on October 1, 1973, and thereafter the minimum sum of $20,000 annually, “the first installment due on the 10th day of October, 1974,…