Folsom v. Vangilder

Deen, Presiding Judge.

Vangilder entered into a contract to purchase a 1/2 interest in a worm farm owned by Folsom and his brother-in-law, Richards, an employee of Vangilder. The purchase price was $24,020, and was to be paid by a cash payment of $5,500 and a promissory note in the amount of $18,520. Three installment payments were made on the note totaling $2,130. Folsom brought an action to recover the balance due on the note after appellee refused to make further payments. Vangilder counterclaimed contending that the plaintiff and Richards had fraudulently conspired to cause him to purchase…