McPherson v. Johnson

NORTHCUTT, Justice.

This is a suit brought by J. B. McPherson and D. R. Aylesworth, hereinafter referred to as appellants, against Randolph Johnson, hereinafter referred to as appel-lee, to recover upon a promissory note executed by Randolph Johnson and payable to O. J. M. Development Co. The note was transferred by O. J. M. Development Co. to D. R. Aylesworth without any recourse. Later McPherson secured an interest in the note but that interest is not in question here.

O. J. M. Development Co. owned an 18,000-acre tract of land in Cochran County, Texas, which it subdivided. T. R. Johnson, the…