Lloyd v. Anderson

On April Í7, 1920, respondent and Parley and Eicy Anderson entered into a contract in writing in which respondent agreed to sell and the Andersons agreed to purchase certain real property in Grace for $27,000. The payment of $500 was admitted by the contract, which provided for a payment of $1,500' on May 1, 1920, $200 on the first day of each month thereafter, $1,000 on November 15, 1920, and $1,000 on November 15th of each year thereafter, until the entire purchase price was paid. It was further provided that in ease the Andersons failed to comply with the terms of the contract, respondent…