Adams v. Foster

On May 27, 1903, articles of agreement were entered into by Mrs. Stevens and Mrs. Adams as to the sale of a described house and lot by the former to the latter. The agreed value of the property was $2,500. It was incumbered by a mortgage for $1,500, the payment of which Mrs. Adams, for some reason not appearing, was unwilling to assume. As to the purchase-money, it was agreed that $300 should be paid cash, $300 within ten days, and that Mrs. Adams should give to Mrs. Stevens a series of notes each for $25, carrying interest from date at 7 per cent., payable monthly and aggregating $400. The…