Candler v. Orkin

Eberhardt, Presiding Judge.

Candler and Griffin, as partners, on July 27,1970, purchased certain realty for development from Orkin and Aronoff, executing to the sellers a purchase money note in the sum of $1,704,000, with interest at 8 percent per annum, payable in two equal annual instalments. The note carried an acceleration clause affording the right to declare the whole of the debt to be due upon default in the payment of any instalment when due, and provided that no waiver of the acceleration right should occur from any grant of indulgence to the makers. The first instalment became due…