(DOWNLOAD) "Witzel V. Tena" by Department Two Supreme Court of Washington ~ eBook PDF Kindle ePub Free
eBook details
- Title: Witzel V. Tena
- Author : Department Two Supreme Court of Washington
- Release Date : January 12, 1956
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 53 KB
Description
The plaintiff, Frances Witzel, and the defendant, Tell Tena, were married May 8, 1920. October 31, 1928, they entered into a written contract to purchase land, stock, and equipment in Clark county. The purchase price was forty thousand dollars and was to be paid at the rate of five hundred dollars a month, which included interest at six per cent per annum on the deferred balance. By 1932, the contract balance had been reduced to approximately thirty thousand dollars. April 26, 1932, the seller deeded the property to the purchasers and took mortgages on the land, stock, and equipment as security. From 1932 until 1937, the Tenas made no payment on the principal and paid only a part of the interest on the mortgage debt. In 1935, the mortgagee voluntarily waived all interest due and unpaid and reduced the balance of the principal to twenty-two thousand five hundred dollars.