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OLAWSKY v. CLAUSEN

No. 11101.

212 N.W.2d 653 (1973)

Larry OLAWSKY et al., Plaintiffs and Respondents, v. Cameron CLAUSEN and Glen Clausen, Defendants and Appellants.

Supreme Court of South Dakota.

November 21, 1973.

Attorney(s) appearing for the Case

Lloyd J. Mahan, Parkston, for plaintiffs and respondents.

John L. Wilds, Sioux Falls, for defendants and appellants.

DOYLE, Justice.

The respondents entered into a contract with the appellants in 1968, wherein the respondents agreed to sell and the appellants agreed to buy 500 shares of corporate stock for the sum of $60,000. The contract provided for a $15,000 down payment and the balance plus interest to be paid over a period of years in annual installments as follows:

  January 1, 1969 .......  $  3000.00
  January 1, 1970 .......     5000.00
  January 1, 1971 ...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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