C. L. Ritter Lumber Co. v. Coal Mountain Mining Co.

The appellee, the Coal Mountain Mining Company, conveyed to R. A. Ayers 183.60 acres of land situated in Buchanan county for $2,754, $688.50 of which was paid in cash and the residue was divided into three credit instalments of $688.50 each. Notes were taken for the deferred payments, and a vendor’s lien reserved on the face of the deed to secure the unpaid purchase money. R. A. Ayers afterwards conveyed the land to the Empire Coal Land Corporation, and that corporation sold the merchantable standing timber on the tract to the appellant, the C. L. Ritter Lumber Company, Inc., which cut and…