Patton v. Meddick

H. E. Meddick sold to B. F. Patton two lots in Harbor Hill Park Subdivision. The price agreed to be paid was $5,000.00 of which $1,000.00 was paid and the remainder was to have been paid when the deed was delivered. This transaction occurred in December, 1924.

Patton was cashier of the Espiritu ■ Santo Springs Bank and Meddick owed the bank $4,000.00 evidenced by his note. Certain securities had been deposited by him with 'the bank to secure the payment of the note, the due date of which was April 22, 1927.

The deed was delivered April 22, 1925, and recorded the following day. According to the…