Aupperle v. Doherty

Plaintiff and defendant entered into a contract

whereby plaintiff agreed to purchase certain stocks from defendant and to pay for said stocks in ten monthly installments. Pursuant to this contract, payment was due on the first day of each month, and, if plaintiff defaulted in payment of any installment, he was to have until the first day of the following month to make the payment. If he did not make the payment by this time, the contract provided that it was to be automatically canceled, and the company was to “ refund the amount paid, less or plus as the case may be, the difference between…