Graham v. Walters

The material facts affecting the issues on appeal in this case are practically without dispute. In May, 1929, plaintiffs in error, Arch Graham and wife, owned a $16,100 note signed by J. B. Watkins, secured by a deed of trust on 1,400 acres of land. They delivered said note to P. M. Walters and gave him a general power of attorney authorizing and empowering him to either collect the note or sell or trade same for other property on such terms and conditions as he might deem best. The power of attorney provided that if he took in the real estate which secured same or traded it for other real…