F. B. Collins Inv. Co. v. Sallas

* Writ of error refused April 30, 1924. The agreement between the parties in this case, as determined by the court, was to the effect that the appellant, fully knowing the purpose of the loan, was to presently advance appellees, the landowners, $2,000 by way of a loan, with extended time of repayment, to pay certain vendor's lien notes then subsisting on the land to enable the appellees to comply with a special agreement with the lienholder respecting payment of the notes at a stated time. The appellees, by the agreement, were to execute, as they did, a mortgage on the land to appellant to…