Creigh Sons & Co. v. Jones

The defendant Jones purchased of the plaintiff, Creigh Sons & Company, the real estate involved in this action for the agreed price of $1,200, of which he paid in cash $285 and the agreement was that he should give a mortgage upon the property for the remainder <fi the purchase price, and that he should borrow money with which to build the three buildings on the real estate, and might give a mortgage to secure such loan, which should be the first mortgage upon the real estate, making the plaintiff's mortgage subject thereto. Pursuant to this agreement, he contracted with the defendant…