Rose v. Moore

The appellant, Mrs. Katherine N. Rose, borrowed from the American Building & Loan Association $2,500, and to secure the payment of said money, executed a deed of trust to the Building & Loan Association, to certain property in Osceola, Arkansas. After securing this loan, the appellant moved from Osceola to Roseland, Arkansas, where she resided, and on December 18, 1931, she sold the property in Osceola to the appellee, Mrs. Emma Moore.

After considerable discussion the appellant agreed to sell her property for $2,500 cash, the appellee to assume the payment of the balance due to the loan…