Grace v. Gholson

OPINION of the Court by

Judge Settle

Affirming.

Prior to July 22,1912, the appellant, B. E. Grace, contracted to sell to the appellees, J. PI. Gholson and B. E. Bayles, his undivided half of a tract of land containing 173 acres, lying in Ballard county, at the price of $2,-000.00. Of this amount appellees agreed to pay $1,245.00 in satisfaction of the first annual premium on a policy of insurance of $35,000.00 which appellant agreed to take upon his life in the Citizens’ National Life Insurance Company through appellees as its agents; and for the remaining $755.00 of the purchase price to be…