MacNear v. Malow

In August, 1920, William F. Malow, one of the defendants herein, became the owner of a vendor’s interest in certain real estate in the city of Detroit. On the 23d day of December, 1922, he transferred his interest in said property to Benjamin F. MacNear and Nellie MacNear, plaintiffs herein, and also assigned to plaintiffs his interest in a certain land contract wherein Malow was the vendor and Morris Klein and Simon Klein were the vendees. The balance due on the contract at this time was $27,654.89, payable at the rate of $700 every three months together with interest at the rate of six per…