Marshville Cotton Mills, Inc. v. Maslin

Tbe various pleadings in tbe cause allege tbe following facts: “Prior to October, 1925, W. M. Nissen owned a certain tract of land in Beaufort County, containing approximately 1,700 acres. Moore County Farms, Inc., owned a lot on Chestnut Street in Winston-Salem, upon which there was a first and second mortgage aggregating $51,000. Nissen agreed to sell tbe land in Beaufort County to Moore County Farms in exchange for said lot in Winston-Salem, and as a further consideration for said lot, to deliver certain shares of stock in tbe George E. Nissen Company. Tbe Moore County Farms agreed to pay…