[Download] "Ralph S. Coughenour v. Harold Paul Bates" by Southern District, Division One Court of Appeals of Missouri * Book PDF Kindle ePub Free
eBook details
- Title: Ralph S. Coughenour v. Harold Paul Bates
- Author : Southern District, Division One Court of Appeals of Missouri
- Release Date : January 05, 1990
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 68 KB
Description
John C. Crow, Presiding Judge This appeal presents the issue of what rate of interest plaintiff Ralph S. Coughenour must pay
defendants Harold Paul Bates and Thelma Bates under a contract for the purchase of real estate. On March 20, 1982, the parties signed a "contract for deed" whereby plaintiff agreed to purchase a tract of real estate from
defendants for $100,000. At time of closing plaintiff was to pay $12,500 in cash; the remaining $87,500 was to be "amortized
in monthly payments over a term of 30 years." Payments were to commence May 1, 1982. The interest rate was fixed by the contract
at ten percent per annum, which was to remain in effect "to and including the payment due April 1, 1984." The contract continued:
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