Williams v. Neeld-Gordon Co.

This is an appeal from an order sustaining a demurrer to a bill which sought to declare a trust in certain lands.

The facts alleged are that on February 9th, 1920, the E. O. Painter Fertilizer Company owned the land and agreed to sell it to Williams for the sum of twenty .thousand dollars on the following terms: Williams to assume a ten thousand dollar mortgage in favor of Mrs. Heathcote,. *60to pay the Painter Company five thousand dollars cash and give a promissory note for the remainder payable two years thereafter and to be secured by a second mortgage •on the land. The Painter Company…