Heath v. Dodson

MILLARD, J. -- March 15, 1935, F. L. Denman and wife entered into an executory contract with Garner Vaughn, a married man, to sell to the latter real property in Pierce county owned by the former. The purchasers paid fifty dollars at the time of the execution of the contract, on which date they entered into possession of the property, and obligated themselves to pay the remainder of the consideration of one thousand dollars in annual payments of ninety-five dollars at a certain stipulated rate of interest. That the contract was placed of record July 6, 1936, in the office of the auditor for Pierce county, is admitted by the judgment creditor in his answer.