Lindsley v. Anderson

LARSON, Justice.

This action involves the sale of a bowling alley in Mason City, Iowa, called the Family Bowl. On August 5, 1981, the defendants, Willard D. Anderson and Mary T. Anderson, sold the Family Bowl on an installment contract to the plaintiff, Lloyd E. Lindsley. (Lindsley, who commenced this suit, died before trial. His estate is now shown as plaintiff.) Lindsley paid $10,000 down; another $30,000 was to be paid on October 1, 1981. Monthly installments of $2100 were to be paid on the fifteenth day of each month, commencing September 15, 1981. Additional payments were to be made in…