Jones v. Phipps

This is an action wherein the plaintiffs seek judgment against the defendant Nathan L. Phipps for specific performance of an alleged contract wherein said defendant agreed to buy 1,200 acres of land in Alabama from one Hoyt Williamson for $40,000, of which $20,000 was to be paid in cash and the balance within ten years, secured by a mortgage, or in lieu thereof, damages for his failure to do so. The defendant bank stands in the position of garnishee because of ancillary injunction proceedings.

The plaintiff Jones is an Oklahoma City real estate dealer; the plaintiff Taylor a real estate dealer…