Dimmitt Elevator Co. v. Carter

HALL, Chief Justice.

E. M. Carter sold Thomas M. and T. R. Galt all of section No. 3 in Jo well’s subdivision of Castro county for a total consideration of $20,442.10, to be paid as follows: The assumption by the Gaits of a note for $4,000, payable to the order of the Southwestern Dife Insurance Company of Dallas, and by the execution and delivery to Carter of the second party’s promissory note in the sum of $16,442.10, due on or before twelve years from date, with interest at 7 per cent, per annum. The land was sold under what is denominated a “crop-payment plan.” It appears that a deed was…