Stephens' Administratrix v. Union Central Life Insurance

Opinion op the Court by

Chiep Justice Clay—

Affirming.

On July 9, 1917, H. C. Stephens and wife conveyed to B. F. Crawford a tract of land lying in Hardin county containing about 27% acres. The consideration stated in the deed was “the sum of one dollar and other considerations of value, the receipt of which is hereby acknowledged.” Immediately after the description of the land was the following:

“A lien is retained to secure payment of the unpaid purchase money.”

As a matter of fact the consideration was not paid, but was represented by eight promissory notes for the sum of $147.04, payable at…