Petty Et Ux. v. Clark

WADE, District Judge.

On January 18, 1929, the plaintiffs, Charles B. Petty and 'Maggie C. Petty, his wife, entered into a written contract with the defendant, Dean A. Clark, to sell 'Clark certain real ■estate known as the “drugstore” property at Hurricane, Utah. The purchase price was $4,800, payable in monthly ■installments of $50 each, without interest, for a period of eight years. This contract — together with Clark’s promissory note to plaintiffs for the purchase price and plaintiffs’ warranty deed conveying the property to Clark — was deposited in escrow with the State Bank of…