Supreme Court of Florida May 5, 1938 (Coral Gables, Inc. v. Wilkinson)

Terrell, J.

In April, 1925, Defendant in Error, Arthur H. Wilkinson, entered into contract with George E. Merrick of Miami, Florida, to purchase a lot in Coral Gables for

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$15,000.00. The contract provided that Wilkinson pay Merrick $100.00 as a binder on the date it was executed, that he pay $3,650.00 within ten days and the balance of $11,250.00 in thirty-six monthly payments.