Dallas Lumber Co. v. Golde

Golde conveyed to Mason a lot in Dallas, retaining a lien to secure deferred payment of $1,300 purchase money. Upon agreement for subordination made by Golde, Mason and wife executed to Dallas Lumber Company three notes for $250, $500, and $2,500, respectively, secured by liens on the lot and improvements to be placed thereon. Dallas Lumber - Company transferred the three notes and the liens to Texas Insurance Company, and the latter retrans-ferred the $250 note and its lien, with agreement that the lien be subordinate to that held by it. Thereafter Mason and wife conveyed the lot and…