Springfield F. M. Ins. Co. v. Htg. Nat. Bk.

Reversing in part and affirming in part.

Courtney Combs and his brother, I.M. Combs, were partners operating under the firm name of Combs Bros. On October 17, 1921, they, as such partners, purchased from E.D. Vanhoose a hotel building, the lot upon which it stood, and its furnishings, all located in Paintsville, Ky., for the consideration of $40,000, some of which was paid at the time, some of which was prior lien indebtedness assumed by them, and the balance of something like $25,000 was evidenced by the note of vendees executed to Vanhoose, wherein they agreed to pay him stipulated amounts…