Dealers' Granite Corp. v. Faubion

Appeal is from a judgment for-appellee, Eaubion, against appellant corporation upon three promissory notes executed by it to him under the following circumstances:

On April 28,1923, Grady Eaubion and Philip Welhausen entered into a written contract whereby Eaubion, for a consideration of $5,-000 to be paid him by Welhausen, agreed to convey to the latter two quarry leases held by him on lands in Llano county, Tex., and certain machinery, tools, etc., used thereon. Said contract also provided:

“As a further consideration of said transfer, the said Eaubion shall be paid the sum 'of $7,500, in…