Newport v. Chandler

The primary question presented by this appeal is whether under the circumstances disclosed by the record a warranty deed and a contract permitting the grantors to reacquire title constituted a mortgage. The contract was signed by appellant, ~W. E. Newport, and the appellee, and provides that appellants: “have agreed to sell and have sold to the party of the second part (appellee) and the party of the second part has agreed to purchase and has purchased the following described property, to-wit:

“Front lot 2 and 2 feet off the east side of front lot 3 on the south side of south Main street;…