Lively v. Federal Land Bank of Louisville

Opinion of the Court by

Judge Ratliff

Affirming.

On May 10, 1937, the appellant, Oscar L. Lively, and appellee, the Federal Land Bank of Louisville, Kentucky, entered into a written agreement, in which Lively was called the “offeror,” by the terms of which Lively agreed to purchase from the bank, upon its acceptance of Lively’s offer, 130 acres of land situated in Daviess county, Kentucky, for the sum of $2,750, $600 of said amount to be paid in cash upon delivery of the deed and the balance of the purchase price, $2,150, evidenced by Lively’s note payable in 33 annual installments beginning…