Keappler v. Allen

Deen, Chief Judge.

In October, 1970, E. Rollie Allen and Don Randall purchased a piece of property and each held an undivided 20 percent and 80 percent interest respectively. Shortly thereafter, Randall’s interest in the property was conveyed to Keappler. Allen and Keappler regularly made the mortage payments on the property on a pro rata basis according to the interest each held. On April 3,1975, the parties entered into a sales agreement whereby Allen would sell his 20 percent undivided interest to appellant for $20,000 and a promissory note for $40,000. At closing on June 2, 1975, appellant…