Morad v. Whitaker

ARMSTRONG, District Judge, retired.

Appellant Ethel S. Morad and her now deceased husband, Roland Morad, entered into a written agreement on February 5, 1971, to sell their interest in certain land to appellees, Raymond B. Whitaker and Bloody Turnip, Inc., a Wyoming corporation, for the sum of $40,000.00. The contract called for a down payment of $15,-000.00, which was paid, and annual installments of $5,000.00 for five years drawing interest at 8% per annum.

Roland Morad died January 15,1974. On February 5, 1974, appellant, Mrs. Morad, requested of appellee Whitaker a payment of an installment…