Whale Branch Corp. v. Federal Land Bank

Littlejohn, Justice:

This appeal by defendant Federal Land Bank is from the refusal of the trial judge to sustain its demurrer to the complaint of the Whale Branch Corporation. We affirm.

The complaint, as summarized in the statement,1 reflects that a Mr. and Mrs. Farley bought several tracts of land *219totaling 387.61 acres from the. Pomona. Corporation. In connection with this purchase, the Farleys gave the Land Bank their note and purchase money mortgage in the amount of $250,000.00. Several months later, Mr. Farley acquired his wife’s interest in a portion of the property and conveyed that…