Buckeye Cotton Oil Co. v. Westerfield

Sometime prior to July 5, 1927, C. W. Jones entered into a contract with the Continental Grin Company for the purchase of the gin machinery involved in this suit. The machinery was delivered at Conway on July 5,1927. The agreement was that one-third of the purchase price was to be paid cash, but when the property was delivered Jones was unable to make the cash payment, and the Continental Grin Company took the note of Jones and Eula H. Jones, his wife, in the sum of $2,317, due September 1,1927, secured by mortgage dated July 5, 1927, on one acre of ground on which the gin was located, and…