Wilson v. Mundy

The questions involved in this record are: Mrst, whether plaintiff in error, Donahue, assumed the payment of certain mortgage indebtedness held by defendant in error as mortgagee, in plaintiff in error’s purchase from or exchange of lands with defendants Mundy and Scott; and second, if there was such an assumption of indebtedness, whether there was any consideration accruing to plaintiff in error for the contract.

The facts out of which this case arose are as follows: the defendants Mundy and Scott of Marshall-town, Iowa, on December 30, 1919, were the owners of a farm consisting of 280 acres…