Ledbetter v. Wright

On appellants’ motion for rehearing we have withdrawn the original opinion in this case affirming the judgment of the trial court, and substitute the following:

On February 15, 1921, Mrs. M. M. Ledbet-ter, by warranty deed, conveyed 52 acres of land in Dallas county to her son, R. L. Led-better, for a recited consideration of $2,500 in cash and one note for $3,500, payable one yeqr after date, and at the same time transferred said note to the United Homebuilders of America. On the same day R. L. Ledbetter and wife, appellants herein, executed their seven notes, payable in one to seven years,…