Lewis v. Lee

Appellant loaned to appellee John W. Lee, hereinafter designated as appellee, the sum of $1,500, taking the latter’s promissory note due in three years after date. To secure payment of the note, appel*264lee at the time conveyed to appellant certain real estate in the city of Vincennes of the value of $8,500. By a contract contemporaneously executed, appellant agreed to reconvey the real estate to appellee upon the payment of the note and interest. After the note had matured, appellee sought a settlement’with appellant, and to have appellant reconvey the real estate in accordance with the…