Redden v. Inman

Franklin L. Bhoads being executor of John T. Jones, deceased, by virtue of power contained in the will, bargained a tract of land belonging to the estate to one Samuel Smith. The price agreed on was $1200, of which $450 was paid down. For the residue Smith gave his notes, payable in two and three years, respectively, the first for $400, the last for $350, bearing 6 per cent, interest from date. Bhoads gave Smith a written contract to convey the land upon the payment of these notes. This transaction occurred January 29, 1866. Hothing was paid on these notes. On the 18th August, 1868, Smith…