Farmers' & Merchants' State Bank & Trust Co. v. Cole

This is the second appeal of this case. The first appeal and the issues then presented are fully reported in 195 S. W. 949, to which we refer for a more extended statement than we here give.

In November, 1911, appellees owned a town lot in Sweetwater, Nolan county, which they valued at $3,500, and the Farmers’ & Merchants’ State Bank & Trust Company, hereinafter called the F. & M. Bank, owned 480 acres of land in Nolan county, which the bank valued at $4,800. An exchange of said properties was made by the owners of the two properties on the basis of the values stated, appellees executing their…