Succession of Caine v. Tanho Land & Cattle Co.

McBRIDE, Judge.

This appeal presents a unique and unusual financial transaction between Dr. Ansel M. Caine, now deceased, and the defendants. The transaction was initiated in the latter part of 1959 and early 1960. On November 27, 1959, Dr. Caine advanced $6751.50 to Northern Homes, Inc., and on January 25, 1960, made another advance to said concern in the amount of $23,248.50 or a total of $30,000. Said advances were actually made for the account of defendant Tanho Land and Cattle Co., Inc., to whom Northern Homes, Inc., turned over the money. Tan-ho Land and Cattle Co., Inc., was to utilize…