Lambert v. B. F. Corp.

In January, 1920, John T. Lambert and his brother, W. G. Lambert, purchased a farm, known as the Babcock Farm, situated in Princess Anne county, Virginia, at the price of $44,000. A cash payment of $10,000 was made and the balance of the purchase price secured by a first hen on the property. The amount of the cash payment was loaned to W. G. Lambert and John T. Lambert, by Grace E. Lambert, thé wife of John T. Lambert, and the loan was evidenced by a negotiable, promissory .note for $10,000, dated January 2, *4801920, signed by W. G. Lambert and John T. Lambert, and secured by a second deed…