Moore v. Prindle

OPINION

By the Court,

Badt, C. J.:

This case involves an appeal from a refusal to grant relief from a forfeiture clause of a land sale contract.

On September 6, 1957, the appellant Moore contracted to buy certain improved real property, a rooming house, from the respondent Prindle. The contract provided for a purchase price of $15,000 to be paid, $2,000 down, and 24 consecutive monthly payments of $125, followed by monthly payments of $225 until the balance was paid, 7% interest on the declining balance. The buyer also agreed to assume an indebtedness owed to Union Federal Savings & Loan…