Greensboro Bank & Trust Co. v. Royster

This was a motion in the cause made by S. Y. Morton and E. 0. Watkins to have the interest on the unpaid part of the purchase price of land remitted after 25 March, 1925. The purchasers alleged that the Greensboro Bank & Trust Company as commissioners sold them certain lands in Granville County, known as the Pitchford land, at the price o£ $9,103.18; that the terms of sale were 15% casb, 10% additional upon confirmation of the sale, and 75% in three equal annual installments with interest at 6% — the purchasers to have the privilege of making payment at an earlier date; that they had made the…