GREY, J.
This case raises an issue of statutory interpretation of R.C. 5313.07. This section, simply put, says that when the vendee of a land contract has paid twenty percent of the purchase price, the vendor's remedy for default lies in foreclosure and not in forfeiture. The issue in this case is how is that twenty-percent figure to be calculated.
On November 1, 1983, Doris Blackburn, the vendee, entered into a land installment contract with the Smiths, the...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
