Mundy v. Arcuri

Harshbarger, Justice:

On August 5, 1976, Victor and Phyllis Arcuri sold to Bertha Ann Mundy ten acres and twelve poles of real property in. Taylor County on which there was a tavern, with fixtures, a pavilion, and a house. The conditional sale contract price was $169,000, of which $25,000 was paid in cash, and the balance was payable in monthly installments of $1,638.78.

Mundy took possession on September 1, 1976, and immediately opened the tavern for business; but a fire gutted it on October 31. Several days after the fire, the Arcuris gave Mundy notice that their contract was terminated…