Pierce v. Moreman

STAYTON, Chief Justice.

— C. B. and Mary Moreman and six other persons, each owning an undivided one-eighth of a tract of land, sold to H. T. Farrell and John T. Kendrick, who paid $2000 in cash, and executed three promissory notes to secure the unpaid purchase money. One of these notes was for $1000, due August 1,1886; another for $1000, due January 1, 1887; and a third for $1500, due December 15, 1887, and to secure their payment a lien was reserved on the land sold.

All these notes except the one last falling due were paid, but on that, on December 26, 1887, C. R. and Mary Moreman, to whom…