Crofoot v. Weger

Plaintiffs and appellants entered into a contract with defendants and respondents wherein they agreed to buy all of the merchantable timber situate on certain lands owned by the defendants in Mendocino County at a price of $30,000, payable $5,000 on execution of the agreement March 10, 1948, and $3.00 per thousand board feet as the vendees removed timber from the land. In addition to these payments, the vendees were required to pay $2,000 on July 15th and $3,000 on November 15th of the year the contract was made, and $2,000 each July, November and March thereafter until by the combination of…