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ARNOLD v. MELVIN R. HALL, INC.

No. 1-384A85.

481 N.E.2d 409 (1985)

Venice L. ARNOLD and Lois M. Arnold, Defendants-Appellants, v. MELVIN R. HALL, INC., Plaintiff-Appellee.

Court of Appeals of Indiana, First District.

August 5, 1985.

Attorney(s) appearing for the Case

John J. Fuhs, Petri & Fuhs, Spencer, for defendants-appellants.

George B. Mathes, Spencer, for plaintiff-appellee.

Thomas W. Dinwiddie, Teresa C. Williams, Wooden, McLaughlin & Sterner, Indianapolis, for amicus curiae Indiana Mortg. Bankers, Inc.

Theodore J. Nowacki, Bose, McKinney & Evans, Indianapolis, for amicus curiae Indiana League of Savings Institutions.

RATLIFF, Presiding Judge.

ON PETITION FOR REHEARING

Venice and Lois Arnold entered a conditional land sale contract for the purchase of real estate and associated personalty from Melvin R. Hall, Inc. (the corporation).1 After paying more than one half of the original $135,000 contract price, the Arnolds defaulted. The corporation then sought and received a foreclosure order and deficiency judgment in the Owen Circuit Court. At...

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