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DELUXE MOTEL, INC. v. PATEL

No. 5D00-369.

770 So.2d 283 (2000)

DELUXE MOTEL, INC., Harish A. Patel, et al., Appellants, v. Natverlal K. PATEL and Kalavati Patel, Appellees.

District Court of Appeal of Florida, Fifth District.

November 3, 2000.

Attorney(s) appearing for the Case

Shannon McLin Carlyle of Shannon McLin Carlyle, P.A., Leesburg, for Appellants.

Fred A. Morrison of McLin, Burnsed, Morrison, Johnson, Newman & Roy, P.A., Leesburg, for Appellees.

JOHNSON, C. T., Associate Judge.

In February 1993, Harish Patel and Harish Datutia (hereinafter referred to as the Buyers), purchased the Deluxe Motel from Natverlal and Kalavati Patel (hereinafter referred to as the Sellers). The sale price for the property was $415,000. The consideration for the purchase included: (1) a $15,000 unsecured promissory note which was scheduled to become due on or about March 2, 1996; and (2) a $315,000 promissory note which was secured...

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