Leaverton v. Davis

CRITZ, J. .

This case has been in the Court of Civil Appeals twice. 21 S.W.(2d) 369, and 41 S.W.(2d) 683. The opinion in 21 S.W.(2d) 369 states the facts fully. However, in order that this opinion may he complete within itself, we make the following statement:

A. J. Davis, L. W. Ray, and a third party were making a three-cornered trade of properties owned by them respectively. Leaver-ton et al., hereinafter referred to as Leayer-ton, held a debt for $500 against Ray, secured by a lien on the property he was conveying in. the trade. In order to make it possible for Ray to consummate the trade,…