Arnstein Realty Co. v. Williams

By deed dated August 23, 1926-, Williams acquired title to a lot in Nashville, subject to vendor’s lien of $1165. He contracted with A. J. Barnes to erect a house thereon and sell it to him for $5000', this consideration to be the assumption of a mortgage note of $3500', -a small cash payment and monthly notes. Finding himself unable to finance the deal and finish the house, he engaged Arn-stein, doing business as Arnstein Realty Company, to make the contemplated improvements, and on October 2, 1926', conveyed the title to Arnstein for his security and convenience with this object and…