Jordan v. Buena Vista Co.
Supreme Court of Virginia
Appeal front a decree of the Circuit Court of Rockbridge county, pronounced March. 19, 1891, in a suit in chancery wherein The Bnena Yista Company-was the complainant, and McClandish & Clowes, and numerous creditors of the company, were the defendants.
1Opinion of the CourtBuchanan, J.
The Bnena Yista Company purchased from the executors of Samuel B. Jordan, deceased, lands for -which it agreed to pay $135,000. Of this sum $50,000 was paid in cash. Bor the residue three notes or bonds of equal amounts were executed, payable respectively in one, two, and three years, and to secure their payment a lien was reserved in the deed by which the property was conveyed. Afterwards, in a suit brought by S. B. Jordan’s executors against S. B. Jordan’s legatees, the executors were directed to collect the unpaid purchase money, which at that time amounted to about $51,000, and pay it…
2Cases cited1 opinion
- Jameson v. RixeySupreme Court of Virginia · 1897
3Cited by1 opinion
- Dickenson v. GraySupreme Court of Virginia · 1902