Prosper v. Smith

On October 18, 1918, Joseph Demars entered into a written contract with Truman Williams for the sale of a tract of land near the railway depot at Havre. The purchase price was $350. Fifty dollars was paid to Demars when the instrument was executed, and the balance of $300 was to be paid in quarterly installments of $40 each, beginning on January 18, 1919. The deferred payments were to draw interest at ten per cent per annum. Williams was to pay the taxes. Upon the full payment of the purchase priee, Demars bound himself to execute to Williams a good and sufficient warranty deed of the…