Hoyle v. Cazabat

On the twenty-fourth August, 1869, the plaintiff sold to the defendant, Cazabat, a certain piece of real estate. The price of the property was $4500, of which $1500 was cash, and for the balance .of $3000 the defendant gave his three promissory notes, each for $1000, payable one, two and three years from date, at the Mechanics’ and Traders’ Bank, in this city. The notes bore interest at the fate of eight per cent, from the day of sale, and the vendor reserved a mortgage and the vendor’s privilege upon the property sold, to secure their *439■payment. The notes were deposited for collection in the…