Case Name: AMERICAN LOAN & INVESTMENT COMPANY, a corporation, Respondent, v. B. P. BORASS and C. D. OLSON, Appellants, and A. J. BJERKEN, Garnishee
Court: North Dakota Supreme Court
Jurisdiction: North Dakota
Decision Date: 1922-05-17
Citations: 48 N.D. 1041
Docket Number: 
Parties: AMERICAN LOAN & INVESTMENT COMPANY, a corporation, Respondent, v. B. P. BORASS and C. D. OLSON, Appellants, and A. J. BJERKEN, Garnishee.
Judges: Birdzell, C. J., and Robinson, Bronson, and Christianson, JJ., concur.
Reporter: North Dakota Reports
Volume: 48
Pages: 1041–1042

Head Matter:
AMERICAN LOAN & INVESTMENT COMPANY, a corporation, Respondent, v. B. P. BORASS and C. D. OLSON, Appellants, and A. J. BJERKEN, Garnishee.
(188 N. W. 304.)
Liquidated damage — provision of land sale contract.
1. The following language appeared in a written contract for deed: “Either party hereto who shall fail or refuse (except for imperfect title) •to comply with the provisions of this contract on his part to be perform-shall forfeit or pay to the other party the sum of $2,000, which sum ds hereby fixed and agreed upon as liquidated damages to be sustained by either party from failure or default on the part of the other.”
Vendor and purchaser — in vendor’s action for installments due, held that purchaser in possession and in default were not entitled to rescind on payment of liquidated damages.
2. It is heM defendants being in possession, exercising dominion over the land described in the contract, and also being in default are not in position to invoke this clause of the contract.
Vendor and purchaser — vendor may recover against purchaser unpaid installments due and past due interest.
3. The vendor in a contract may maintain an action to recover against the vendee the .amount of an unpaid installment or installments, which are due, and for all past due interest.
Opinion filed May 17, 1922.
Appeal from the judgment of the District court of Barnes county, Englert, J.
Judgment affirmed.
Combs & Ritchie, for appellants.
John O. Hanchett, for respondent.

Opinion:
Grace, J.
This action is a companion case to American Loan & Investment Co. v. B. P. Borass, C. A. Steberg, C. D. Olson, and Theodore T. Moen ante, 1036; 188 N. W. 302. It was presented to this court with that case upon the same brief and argued at the same time. The decision of it is ruled by the decision in that case.
The judgment appealed from is affirmed. The respondent is entitled to its costs and disbursements on appeal.
Birdzell, C. J., and Robinson, Bronson, and Christianson, JJ., concur.