Opinion ID: 1169955
Heading Depth: 1
Heading Rank: 2

Heading: Buyer's Default

Text: A payment of $5,000 on the purchase contract was due from buyer September 1, 1966. It became delinquent and sellers served notice of intent to declare a forfeiture, allowing 12 days from service of the notice to make good the default. Instead of paying the past due payment, Kipp brought the instant suit. Sellers counterclaimed with a demand for forfeiture. The court found Kipp had materially breached his contract by failing to make the $5,000 payment due September 1, 1966; by failing to pay taxes when due; by failing to furnish a correct survey as required by the contract; and by failing to furnish sellers with policies of insurance as required by the contract. Despite the finding of default, the court allowed plaintiff 30 days in which to pay what was due on the contract and thereby keep himself in good standing under the contract. The court's finding of default seems to be supported by ample evidence; but we need not decide wherein buyer was or was not in default. There is no dispute of the fact that plaintiff failed to make the $5,000 payment due September 1, 1966. The fact that the court allowed time for him to make good his default is further reason for us to conclude buyer was not on the whole dealt with inequitably.