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O'NEAL v. HORNE

No. 2 CA-CIV 3688.

127 Ariz. 330 (1980)

620 P.2d 709

William P. O'NEAL and Jane D. O'Neal, husband and wife, and Harry G. Brown and Pattye C. Brown, husband and wife, Plaintiffs/Appellants, v. Howard S. HORNE, an unmarried man, Defendant/Appellee.

Court of Appeals of Arizona, Division 2.

December 1, 1980.

Attorney(s) appearing for the Case

Lohse & Bloom by Ashby I. Lohse, Tucson, for plaintiffs/appellants.

Molloy, Jones, Donahue, Trachta, Childers & Mallamo, P.C. by Michael J. Meehan, Tucson, for defendant/appellee.

OPINION

RICHMOND, Judge.

The question on this appeal is whether appellants had a right to accelerate payment of a promissory note. Facts most favorable to support the judgment are as follows.

Appellee in settlement of a lawsuit purchased the interests of the appellants in certain real property by executing and delivering a promissory note. In the note he promised to pay appellants $29,700 in semiannual installments of at least $1,500, including interest...

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