James v. United Farm Agency

Harve Taylor was part owner of a forty-acre tract .of land. He had inherited an interest from his father and acquired some other interests therein. He executed a bond for title agreeing.to convey this forty-, acre tract of- land to his brother, Gr. W. Taylor, who entered into possession of the land. Under the contract Gr. W. Taylor was to pay $1,000 and 8 per cent, interest,, payable annually. This thousand dollar indebtedness was also evidenced by a note dated January 9, 1932, payable August 20,1932.

There was a provision in the bond for title, to which reference was made in the note, that 60…