Central Trust Co. v. Adams

*493The opinion of the court was delivered by

Burch, J.:

In a petition for rehearing filed by Adams it is said: “This cash payment and these eight notes were in payment of the purchase price of this stock.” (The italics are in the petition.) Later on in the petition the petitioner presumably contends — he offers to bet — that no court has ever held that a sale for an agreed price, part of the purchase money paid, notes executed for the balance, and the seller retaining possession until the notes are paid, “does not constitute a sale on credit.” (The italics are in the petition.) The petitioner will…