Miracle v. Miracle

Opinion of the Court by

Stanley, Commissioner—

Reversing.

In 1917, a tract of land was conveyed to H. C. Miracle for life, with the right to use and sell timber and minerals, and the remainder in fee to his four children, by name. In February, 1924, the life tenant and three of the remaindermen executed a deed to William Green, in consideration of $15,000, with the understanding that the other remainderman, who was an infant, would- execute a deed for her interest when she arrived at her majority. Of the consideration, $8,000 was paid in cash and a note for $7,000 given. Four months thereafter,…