Drane v. Graves

Opinion op the Court by

Judge Thomas

Reversing.

In August, 1925, the appellee and plaintiff below, Helen M. Graves, purchased from the appellant and defendant below, Mrs. Mary Josephine Drane, a residence house and lot on Twenty-Fourth street in Louisville, Ky.,. for the agreed consideration of $5,200, with a down payment of $2,700. Mrs. Graves had no property whatever at the time, and it was necessary for her to borrow the down payment, which she did, from the Liberty Insurance Bank of Louisvile, Ky., and by agreement with Mrs. Drane it was given a prior lien upon the conveyed property with the…