Frazer v. Couthy Land Co.

The Chancellor.

The original agreement between the complainant and his father by the terms of which the conveyance *70was to be made to serve only as a security for the repayment of the loan, was in parol. No time limit was fixed in that agreement within which the complainant was to repay the loan or forfeit his rights. The subsequent agreement of May 27, 1924, between the complainant and the defendant was in writing and fixed a three year period as the limit of the complainant’s right to a reconveyance. The extension of time granted by the father, whose authority to act in that regard in behalf…