Johnson v. Johnson

On September 23, 1909, Maymie Johnson executed a promissory note to Mrs. Mary Johnson for the principal sum of $299, the note reciting that it was executed in payment for the one-seventh interest of the payee in certain lands known as the estate of Aaron Johnson, deceased. The note further stipulated that title to the land should remain in the payee until the note was fully paid, and that the maker would “take the risk of said land being destroyed,” and that the maker, to secure the debt, mortgaged the property for the purchase-price of which the note was given. Suit was brought on the note,…