Anderson v. Levyson

Opnion by

Walker, A. S., J..§ 926. Consideration; credit upon antecedent debt. A. credit upon an antecedent debt is a sufficient consideration to support a bona fide sale of property. The rule-which requires an actual payment, and which is not satisfied with a credit upon a debt, only obtains where a. purchaser seeks to cut off a prior equity or unrecorded deed by. his purchase without notice.

*521§ 927. Sale of personal property; when complete; delivery. L. owed appellee, and in payment of the debt sold him one hundred bushels of wheat at a stipulated price. The wheat was in L. ’s granary in bulk…