Jackson v. Armstrong

In June, 1880, the parties exchanged farms, Jackson granting one in Livingston county in this State, and Armstrong one near Fort Scott in the State of Kansas. The trade proceeded on an estimate of the value of the respective properties. The Kansas land was placed at $1600 and the farm in Livingston at $2800. Put the latter was incumbered by a mortgage which was computed at $1326, and in order to reduce it to $1200 Jackson paid Armstrong $126 and then deeded the equity of redemption in exchange for the Kansas property. Jackson had not seen the Kansas land, but he subsequently went there and…