Haas v. Haas

ODOM, Justice.

Pickens Butler sold to the defendant, Leon S. Haas, a tract of land on January 25, 1923, for $5,489.83, of which amount $489.83 was paid in cash; the balance of the purchase price being represented by one promissory note for $5,000 made due one year from the date of sale. To secure the payment of the note, the vendor reserved and the vendee granted the vendor’s lien and special mortgage on the property sold.

The plaintiff acquired this note in due course. The note was never fully paid, and on December 22,1933, the plaintiff, as holder thereof, brought this suit against the…