Gray Brown-Service Mortuary, Inc. v. Lloyd

In 1990, Fred Lloyd and his wife, Faye Lloyd, entered into an installment contract with Gray Brown-Service Mortuary, Inc. ("Gray Brown Service"), for the purchase of a double-crypt space in the chapel section of the Forestlawn Mausoleum, which is owned and operated by Gray Brown-Service. Lloyd and his wife chose Forestlawn so that they could be entombed near Faye Lloyd's mother and sister. The purchase price of the space was $3,390. The contract provided for a 15% per annum interest rate, and, after a $100 down payment, the Lloyds were required to make 60 monthly payments of $78.27. The…