Cummins v. Slayton

This is an appeal from a judgment for money paid toward the purchase of real estate.

Mr. and Mrs. Cummins (sellers) entered into a contract on April 15, 1981, with Mr. and Mrs. Slayton (buyers) for the sale of the Cumminses' house and lot.

The buyers made an initial down payment of $1500 on April 15, 1981, and subsequently, made timely payments of $1000 every 90 days thereafter through January 21, 1983. The sellers continued to live in the house from said down payment up to September 1983.

The parties went to Collateral Investment on June 14, 1983, where another document was executed for the…