Hites v. Irvine's Administrator

The amended petition of tbe plaintiff, in bis original action; states, in substance, that, in 1846, certain described lands then owned by him, were sold at judicial sale, under an order made in a proceeding which bad been instituted against him by a mortgagee of the premises, for the •enforcement of his mortgage lien; and that defendant’s intestate, Irvine, purchased the premises, at said sale, for the sum of $333.34, which was only two thirds of their appraised value, under a verbal agreement with the plaintiff that he would hold the legal title as a security for the sum so advanced by him…