Fulmer v. Goldfarb

In January, 1931, Mrs. Hays Fulmer and I. H. Evans made an exchange of real property in the city of Memphis, Mrs. Fulmer, conveying to Evans her residence for a consideration of $25,000, and Evans conveying to Mrs. Fulmer his apartment house- valued at $52,750'. The residence was unencumbered. The apartment was encumbered with a first mortgage for $40,500, and a second mortgage for $2,250, evidenced by forty-five notes of $50 each, payable monthly; the payment of both mortgage debts being assumed by Mrs. Fulmer without, however, signing or indorsing the notes evidencing the indebtedness.

In…