Beane v. Stroope

Appellee brought this action against appellant to foreclose a mortgage executed by appellant to him on May 20,1937, to secure a note of the same date for $750, payable monthly at the rate of $30 per month, with interest at 10' per cent, from date until paid, on which there was a balance due of $524.10 on June 20, 1938. ‘ The note and mortgage were given for the purchase price of a one-half interest in a grocery store in Texarkana, owned by appellee and one Watson. Appellant defended on the grounds of mental incapacity to transact business and fraud practiced upon him in the sale and prayed a…