Hull v. W. T. Reynolds Lumber Co.

Opinion of the Court by

Judge Clay

— Reversing.

Cordell Hull and others were the owners of the timber on six different tracts of land located in Wayne county. On August 14, 1926, they conveyed the hardwood timber to the W. T. Reynolds Lumber Company. The consideration was $17,5(30 of which $14,500 was paid in cash and a 90-day note executed for the balance of $3,000. The same day they conveyed the softwood timber to S. J. Shearer and J. R. Duncan and W. Gr. Duncan, the consideration being $10,000, of which $8,000 was paid in cash, and a 90-day note executed for the balance of $2,-000. Separate…