Edmondson v. Boyd Lumber Co.

An owner of land sold the timber thereon under a contract containing the following provisions: “That in consideration of the total sum of $500, of which $250 has been paid . . and the balance to be paid when [the grantee], his heirs or assigns, first begin to cut the timber hereinafter described,” the grantor has “granted, bargained, sold, and conveyed . . all the timber on the following described tract of land, with the right to. cut and remove the same, said land being located” as described. “It is further agreed and understood that [the grantee], his heirs or assigns, shall have seven…