Hadaway v. Hynson

Richard Hynson, as trustee under a decree in equity of the Circuit Court for Kent County, sold to David R. Derrickson on November 19th, 1867, a farm known as the “Shipyard Farm,” for $20,111.49. Derrickson paid $3,111.49 of the purchase money in cash, and for the remaining $17,000, gave to the trustee his bonds with John P. Smith and Abel J. Rees as sureties. He paid no more of the purchase money, and Hynson brought suit on the bond and recovered judgment on January 18th, 1869, against Derrickson and the sureties, for the penalty of the bond, to be released on payment of $9,044, the amount…