Georgia Farm Bureau Mutual Insurance v. Stevenson

McMurray, Presiding Judge.

On July 3,1979, Jerry L. Stevenson purchased from Kathryn T. Stevenson six acres of land with a dwelling located thereon for the sum of $30,000. The purchase was financed by loans (first and second mortgages) in the amount of $30,000. On or about July 21, 1979, an oral contract of sale with reference to two acres of said property and the dwelling was made by and between Jerry L. Stevenson and his brother, Norman Stevenson, and sister-in-law, Jeannine Stevenson, whereby he received $5,000 by check labeled “down payment on land,” the remainder of the purchase price of…