McCrory v. Smeltzer

Mr. Judge German

delivered the opinion of the Commission of Appeals, Section A.

In the year 1929 Lon C. McCrory and W. W. Lathem conveyed certain lands in Dallam County, Texas, to George E. Smeltzer. As consideration for these lands, Smeltzer assumed payment of an indebtedness due the San Antonio Joint Stock Land Bank in the sum of $10,000, and also executed vendor’s lien notes to McCrory and Lathem for balance of purchase price. Smeltzer paid only a small amount on the notes due1 Mc-Crory and Lathem, and in 1933 the whole indebtedness became largely due and was pressing. Apparently at the…