Murdock v. Clarke

ebruary 4, 1875, Adam Murdock borrowed from the defendant Clarke $8,500, for which he gave him his note, payable in one year after date, with interest at one and a fourth per cent per month, and as security for its payment made a deed to him of a tract of 320 acres of land, known as the “Beaver Creek Ranch,” and assigned to him a swamp-land certificate of purchase of certain other lands, known as the “ Big Valley Ranch.” These transfers were by instruments absolute in form, but Murdock continued to remain in possession of the property. Soon after this date, Clarke sold and assigned to his…