Merrimon v. Parkey

On February 13, 1906, W. C. Parkey and Jesse L. Rogers, being the owners of a tract of land of four thousand five hundred sixty-four and one-half acres, conveyed a three-fourths undivided interest therein to H. E. Fugate, A. J. Moles, and W. S. Moles for a consideration of $42,792.19, a part of which was paid in cash. In order that each of the vendors might receive and handle his own portion of the purchase-money notes, these were executed in two series, of three notes of $6,132.03 each, maturing in one, two, and three years, respectively, from date.

Each note contained a recital that interest…