Jones v. Dallas

Hill, Justice.

In this suit for specific performance of a written real estate sales contract, the trial court directed a verdict for the buyer. In essence, the contract provided for the sale of 454.88 acres at $550 per acre ($250,184) payable in 240 monthly installments (20 years) of $1,032.01 each, "the purchase price being a total price for the entire acreage with no interest being included in addition to the monthly installment.”

The seller refused to execute the tendered deed or to accept monthly payments and the buyer filed suit for specific performance.1 At the close of the evidence, both…