Skinner v. Porter

On October 20, 1922, appellant contracted to sell to one Summitt a certain tract of land, for $6,000. Tbe agreement, in writing, called for tbe payment by Sum-mitt of $500 in casb on the execution of tbe contract, which was paid; $2,000 in casb to be paid within ten days after receipt of abstract showing good title to tbe land; $500 on or before one year from date; and $500 on or before two years from date, said two payments of $500 eacb to be evidenced by notes and secured by a mortgage on tbe premises; and tbe remaining $2,500 of tbe purchase price to be paid by Summitt assuming a first…