McCormick v. Ricks

STOKES, Justice.

On December 27, 1946, appellant, Ches-ley C. McCormick, and his wife executed a general warranty deed conveying to his nine children, all of whom were adults, Section IS in Block J-D in Hale County-containing 640 acres of land. The consideration provided in the deed was $100 cash, the love and affection of grantors for the grantees and the assumption by the latter of an indebtedness aggregating $9,600 secured by a lien upon the land. On July 19, 1947, the nine children of Chesley C. McCormick and the appellee, H. A. Ricks, entered into a contract of sale under which the nine…