Bynum v. Bailey

Opinion of tee Court by

Chief Justice Sampson

Reversing.

While the land boom was on in 1920, O. W. Bailey and wife sold and conveyed by deed of general warranty to appellant Bynum a tract of about 70 acres of land located in Graves county for th,e consideration of $9,500.00, $300.00 cash in hand paid, and the balance evidenced by notes, secured by lien on the land, and by three $1,000.00 purchase money notes-in which Bynum was payee, and which he assigned to Bailey -as collateral. Only a short time before the conveyance of the land by Bailey to Bynum the former mortgaged the entire tract of 153…