Lasseter v. Blalock

CARROL, DONALD K., Chief Judge.

The defendants in a suit for a declaratory decree have appealed from an adverse final decree entered by the Circuit Court for Duval County.

Succinctly stated, the facts established in the record are as follows :

On February 11, 1960, the plaintiffs, Ira Blalock and his wife, Ula T. Blalock, and the defendant K. M. Lasseter, Sr., entered into an agreement under which they undertook to purchase certain real property for $100,000 from the Atlantic Beach Holding Company. On the same day they borrowed $28,000 from a Jacksonville bank upon a promissory note signed by…