[Download] "Ralph S. Coughenour v. Harold Paul Bates" by Southern District, Division One Court of Appeals of Missouri * Book PDF Kindle ePub Free

April 13, 2021

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: