Sawyer v. Foremost Dairy Products Inc.

On April 16, 1929, Charles E. Roberts sold and conveyed to Foremost Dairy Products Inc. a tract of land in the City of Macon, together with a creamery plant and equipment situated thereon, receiving therefor a cash payment of $25,000 and a note for $25,000 due in five years, secured by a deed from the purchaser corporation purporting to convey the land only, the property being described as lots 1, 2, and 3 of a designated subdivision. On September 30, 1930, Roberts transferred this note and his rights under the security deed to Jesse B. Hart, who, on November 17, 1930, transferred the same to…