Ford v. Moody

On the 6th day of March, 1922, J. C. Moody and his wife, A. E. Moody, entered into what is denominated an “escrow agreement” with A. L. Ford, by the terms of which Moody and his wife agreed to sell to Ford commercial oil and gas leases on the north five-eighths of the NEÜ4 of the NW% of section 20, and the NW^A of the SW14 of section 17, township 17 south, range 14 west, in Union County, Arkansas, for a consideration of $4,500. Ford was to place his check in escrow in the First National Bank of Ei Dlorado, Arkansas, in the sum of $500, and the Moodys were to place also in the bank an…