Lane v. Smith

This suit was instituted by appellee against appellant in the Lawrence Chancery Court, to recover for a breach of contract.

It was alleged that on the 9th day of November, 1927, appelle.e entered into a contract with the appellant to purchase the Lawrence Hotel, together with lots 10, 11 and 12, in 'block 11, of the city of Walnut Ridge, Arkansas. The hotel was located on said lots. Appel-lee was to pay $1,000 upon the signing and delivery of the contract as earnest money, and was to pay $9,000 additional when possession was delivered. He was also to execute 80 notes for $500 each, payable…