Moore v. Central National Bank & Trust Co.

The real estate in controversy belonged to the heirs at law of J. G. Bunz, and consisted of a 290-acre farm, situated in Polk County, Iowa. This land was sold at public auction on December 11, 1928, and was purchased by one Hollingsworth, who subsequently transferred all of his rights to E. J. Morris. At the time and place of sale, a written notice of the terms thereof was posted, which notice, among other things, provided:

"Ten per cent of the purchase price shall be made on the day of the sale, and the balance to be paid upon the closing of the estate of J. G. Bunz, about February 25, 1929,…