Webb v. Rice

The appellants W. H. Webb and A. E. Jennings sold certain lands to one P. J. Givens for a cash payment of eleven thousand dollars and deferred payments evidenced by different notes for the balance. The note in contro'versy was for ten thousand dollars and was due January 1, 1920. A deed of trust was taken upon the lands con*673veyed to secure the deferred payments. . In December, 1918, Givens conveyed to A. H. Smith, J. P. McMullen, and O. A. Stepherson for an advance consideration and the assumption by Smith, McMullen and Stepherson of the notes of Webb and Jennings. One of the notes given by…