Meyer v. Droegemueller

Taylor, C.

In June, 1919, the plaintiffs and defendant Droegemueller entered into a contract whereby plaintiffs sold and agreed to convey a farm located in Martin county to Droegemueller upon payment of the sum of $27,800, which sum Droegemueller agreed to pay therefor as follows: $1,000 at the making of the contract; $8,000 on March 1, 1920; and the remaining $23,800 in ten years with interest thereon payable annually at the rate of 5-} per centum per annum. He made the initial payment of $1,000 at the making of the contract. On March 2, 1920, he assigned the contract to Fred L. Bode and…