Houck v. Hult

In 1920, the defendant Anderson agreed to purchase from the defendant Hult certain lands in Clay county. On March 1, 1921, the sale was consummated, and at that time Anderson gave to Hult two notes in the sum of $5,000 each, and secured the same by a mortgage on the Clay county land. One of the notes was due March 1, 1922, and the other was due March 1, 1923. Subsequent to the Anderson-Hult transaction, Hult made a contract with the plaintiff for the purchase of certain land in Potter county, S. D. In. this contract it was provided that the two notes, which Anderson had given to Hult in the…