Nelson v. Vick

ON APPLICATION FOR REHEARING

Upon rehearing, the original opinion in this cause is withdrawn and the following is substituted in its stead in order to clarify or correct certain factual matters.

This civil action concerns a contract to sell a small house and lot.

Under the terms of their June 19, 1978 agreement, the Nelsons (the sellers) agreed to sell the property to Vick1 (the buyer) in consideration of a down payment of $1,000, which was paid, and the balance of the purchase price, $24,350, was to be paid by monthly installments of $185, which included interest to date at the rate of eight…