Ferguson Seed Farms, Inc. v. McMillan

The defendant in error McMillan filed this suit against the plaintiff in error, alleging that on September 22, 1924, he was the owner in fee simple of certain gin property described in his petition, which he had constructed at a cost of $65,000; that on said date he and his wife by warranty deed conveyed said property to plaintiff in error, which for convenience will be hereinafter referred to as defendant, for a total consideration of $25,000, evidenced by five notes, for $5,000 each, one note payable January 1, 1925, and the remaining notes payable one each year to January, 1929; that said…