Central States Life Insurance v. Simmons

Appellee prayed and was granted relief by way of a decree directing the specific performance of a contract to convey to Mm two farms in Arkansas county, and tMs appeal is from that decree.

Appellee bad purchased the farms from different owners, and both were encumbered by a mortgage. He was a customer of the Bank of G-illett, to which institution he had become largely indebted. Portions of the paper evidencing this indebtedness were indorsed and delivered to the American Bank of Commerce & Trust Company as collateral by the Bank of G-illett. To assist in the collection of this collateral the…