Gray v. Bowers

LeGRAND, Senior Judge.

This case involves a dispute between the buyers and the seller of real estate in Mason City, Iowa. The defendant, American State Bank, is not a party to the appeal. All references to the defendants are limited to Edwin R. Bowers and his wife, Wava L. Bowers. Essentially, the trial court held that buyers were not bound by a promissory note and real estate mortgage held by seller. On appeal, the court of appeals reversed. We vacate the opinion of the court of appeals and affirm the judgment of the trial court.

Plaintiff, R.B; Gray, sold defendants a number of residential…