Marchman v. Security Loan & Abstract Co.

In March, 1925, the Security Loan & Abstract Company sold to H. D. Marchman a tract of land in Burke county for $2,600, payable $1,000 cash, $500 in one year, $500 in two years, and $600 in three years, such deferred payments bearing interest. It executed and delivered to Marchman a warranty deed to said land, describing the same as containing 120 acres. To secure the balance of the purchase-money Marchman executed to said company his security deed to this land. Marchman paid the two deferred payments of $500, but refused to pay the last for the reason that there was a shortage in the acreage…