Gray v. Union Bank & Trust Co.

It is no doubt true that the purchase by the appellant of the life estate of C. M. Sellers in the land and the agreement made with him was for the benefit of the minor sons of Sellers and who were also nephews of the appellant. It is also manifest, from said transaction, including the contemporaneous conveyance of the real estate to said minors by the appellant, that he contemplated reimbursement by working the same out of the farm, and that it was not expected that thejife tenant would die so shortly after the transaction, as well as by a retention of the vendor’s lien upon the life estate.…