Horton v. Stone

On the 14th day of August, 1919, Mrs. H. B. Stone, being the owner and in possession of 108 acres of land in Appling County, Georgia, contracted to sell the same to G. G. Horton for the consideration of $8,000. There was at that time an encumbrance upon the land in the form of a security deed executed by Mrs. Stone to Charles Forman. Horton paid Mrs. *500Stone $1900 cash, assumed the payment of the $3,000 loan as part of the $8,000 consideration, and gave to Mrs. Stone for the balance, of the purchase-price three notes for $1,000 each and one note for $100; and Mrs. Stone executed and delivered…