Miller v. Smith

Plaintiffs filed their bill of complaint praying for the rescission of a certain land contract entered into between them and the defendants on May 28, 1925, for the purchase of lot No. 1025 of the subdivision known as Folker’s Garden City Acres No. 6 in Wayne county. The principal mentioned in the contract was $905. The contract called for an initial down payment of $112 with monthly payments of $12.50, interest at six per cent, if payments were made promptly, and all payments to be made on or before May 28, 1930. Payments were made somewhat irregularly and notice of foreclosure was given in…