Ackerson v. Semple

Opinion of the Court by

Judge Nunn

Affirming.

The appellee, Virginia B. Semple, in June, 1911, sold to the appellant, Emma Ackerson, a house and lot in Louisville at the price of $1,250, $50 of which was paid in ca,sh, and the remainder to he paid in monthly installments of $12 each. The contract of sale, which was denominated “a bond for deed,” stipulated that when half of the purchase price was paid, Mrs. Semple would execute a conveyance in fee simple. The contract further stipulated that:

" Should said second party fail to pay any installment of the purchase price when same shall become due…