Peel v. . Peel

On 29 January, 1920, James H. Peel and his wife, Victoria Peel, executed and delivered to the defendant, Vance L. Peel, their son, a fee-simple deed for a tract of land containing 80 acres. The grantors reserved a life estate and were both dead at the time the action was instituted. The clause in the deed out of which the controversy grows is as follows: "That the said James H. Peel and wife, Victoria Peel, in consideration of twelve hundred dollars to Fannie A. Peel Hardison, S. B. Peel and Susan H. Peel Oliver, to be paid by Vance L. Peel within six months after our death, the receipt of…