GUDGEL v. KAELIN


551 S.W.2d 803 (1977)

Boyd GUDGEL, Jr., Appellant, v. Elmer E. KAELIN and Pauline M. Kaelin, Appellees.

Court of Appeals of Kentucky.

Rehearing Denied April 29, 1977.

Discretionary Review Denied June 29, 1977.


Attorney(s) appearing for the Case

August A. Klapheke, Ford & Klapheke, Louisville, for appellant.

Cecil Davenport, Henry Schildknecht, Louisville, for appellees.

Before LESTER, WILHOIT and WINTERSHEIMER, JJ.


WILHOIT, Judge:

This appeal is from a judgment of the Jefferson Circuit Court holding appellant liable under the terms of a document signed by the parties which the court found to be a valid and enforceable note. The note provided for annual payments of one percent per year to appellees on the outstanding balance of principal of a mortgage.

On April 29, 1970, appellant Gudgel and appellee Elmer Kaelin entered into a written contract for the purchase by Gudgel...

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