Parsell v. Kramer

Mr. PRESIDING JUSTICE CRAVEN

delivered the opinion of the court:

On April 7,1966, Lilah Krotzsch, the seller, entered into a contract with Joseph and Mildred Kramer, the buyers, to sell 240 acres of Jersey County real estate. The contract called for a total price of *156,000: *28,000 payable at the time of contracting with *10,000 due on April 1,1967,1968, 1969,1970, and the balance due April 1,1971, with interest at five percent. The Kramers have had possession of the land since the signing of the contract.

The contract provided that the seller would provide the buyers with an abstract showing…