Adams v. Cauthen

1. Where land is sold and three promissory notes, payable to bearer, given for the purchase-money, the vendee receiving bond for titles and the vendor reserving title in himself, and two of the notes are paid off and the other transferred without indorsement or guaranty and without any transfer of title to the land to the transferee, this operates as a payment of the purchase-money, the vendor ceases to hold any interest in the land, the vendee’s equity becomes complete, and the land is subject to levy and sale at the instance of any transferee of the unpaid note. Carhart v. Reviere, 78 Ga.…