Cantrell v. Dotson

Opinion of the Court by

Commissioner Hobson

Affirming.

On May 8, 1925, appellants bought of appellee Ms stock of merchandise and fixtures in his store at Damrontown on Pond Creek, in Pike county, for $2,800. They paid $1,000 cash in hand and executed notes for the remainder of the price, due in 3, 6, 9, and 12 months. They also rented the store from him at rental of $30 a month. They took possession of the property and paid the first note for $300; also the second note for $500; and when the third note for $500 became due in February, 1926, they renewed it for 90 days, but failed to pay it at…