Legal Opinion
Sebastian v. Floyd
Kentucky Supreme Court
Decided July 3, 1979PublishedCited by 25 opinions
1Opinion of the Court
AKER, Justice.
This case presents the question whether a clause in an installment land sale contract providing for forfeiture of the buyer’s payments upon the buyer’s default may be enforced by the seller.
The movant, Jean Sebastian, contracted on November 8,1974, to buy a house and lot situated in Covington, Kentucky, from Perl and Zona Floyd, respondents in this motion for review. Sebastian paid $3,800.00 down and was to pay the balance of the $10,-900.00 purchase price, plus taxes, insurance, and interest at the rate of 8V2% per annum, in monthly installments of $120.00. A forfeiture clause…
2Cases cited10 opinions
- Skendzel v. MarshallIndiana Supreme Court · 1973
- H & L LAND COMPANY v. WarnerDistrict Court of Appeal of Florida · 1972
- Graves v. WinerCourt of Appeals of Kentucky (pre-1976) · 1961
- Miles v. ProffittCourt of Appeals of Kentucky (pre-1976) · 1954
- Robert F. Simmons & Associates v. Urban Renewal & Community Development Agency of LouisvilleCourt of Appeals of Kentucky (pre-1976) · 1973
5 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Bean v. WalkerAppellate Division of the Supreme Court of the State of New York · 1983
- CMI, Inc. v. Intoximeters, Inc.District Court, W.D. Kentucky · 1995
- Boone Coal and Timber Company v. William J.M. Polan (85-5400), the Bank of New York (85-5408)Court of Appeals for the Sixth Circuit · 1986
- Zauber v. Murray Savings Ass'nCourt of Appeals of Texas · 1979
- Stonebraker v. ZinnWest Virginia Supreme Court · 1982
20 more not listed; retrieve them via the Exa API.