Redding v. Main

Opinion of the Court by

Chief Justice Rees

Reversing.

On June 4, 1927, Mrs. Anna E. Ketcham sold to L. F. Mays a lot in Barbourville, Kentucky, for $2,000. $800 was paid in cash, and Mays executed and delivered to Mrs. Ketcham six notes for $200 each, payable at intervals of six months. A lien was retained in the deed to secure payment of the notes. The sixth note was due thirty-six months after date, and it is this note which is the subject of the present controversy. On March 10, 1944, nearly fourteen years after the note matured, W. H. Main brought an action in the Knox Quarterly Court…