Jones v. Hammond

Appeal from an order sustaining a general demurrer to a complaint declaring on a written contract for the “purchase and sale of land on joint account.” The contract was entered into in 1890 between L. E. Jones and A. T. Hammond. It provided that the lands purchased thereunder should be paid for by Hammond and the deeds taken in his name. When sales were made he was to be repaid the cost of the land together with all advances by him for taxes, improvements and interest. He was to have interest at stated rates and the net profits as well as losses were to be divided equally between the parties.…