Poe & Benfield v. Gill

On 25 August, 1926, plaintiffs and defendant entered into a contract, in writing, by which defendant agreed to sell and convey to plaintiffs, “a certain tract of timber in McDowell County, North Carolina, same being on the lands known as the R. L. Greenlee land, and being near the Greenlee railway station on the Southern Railroad, and containing approximately one million feet of timber.” Plaintiffs agreed to pay to defendant as the purchase price for said timber $7.00 per thousand feet.

The plaintiffs agreed to log and saw said timber, and to sell the lumber manufactured therefrom; they agreed…