Fisher v. Long

Opinion op the Court by

Morris, Commissioner

Reversing.

Appellants and appellee, on October 9, 1939, entered into a written agreement in the form of a letter proposing exchange of real estate in Jefferson Conntv. The document insofar as pertinent reads:

“I will take for my property at Anchorage, Ky., except 2-18/100 acres or less, the property located at the northeast corner of Meadow Road and Taylorsville Road, and $4,000. Both properties are now subject to mortgages and the differences in the mortgages, and any other liens are to be adjusted in cash.

“It is further understood that the mortgage…