Cases Determined by the St. Louis, Kansas City and Springfield Courts of Appeals of the State of Missouri Volume 61

Cases Determined by the St. Louis, Kansas City and Springfield Courts of Appeals of the State of Missouri Volume 61

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1895 edition. Excerpt: ... Exchange Bank of Springfield. W. S. Farmer was also indebted to the defendant in the sum of $3,100, to secure which the defendant held a deed of trust on a tract of land containing seventy-seven acres. Farmer also owed other parties $19,000 or $20,000, the bulk of which was secured by mortgages and judgment liens. Farmer and his wife were negotiating. with the defendant for a new loan of $8,000. The program was to sell the seventy-seven acres under the defendant's deed of trust, thereby cutting oflf certain judgment liens; the defendant was to buy the land at the sale, convey it to Farmer and take a reconveyance to secure the contemplated loan. At the same time the plaintiff was negotiating for the sale of a house and lot to Mrs. Farmer for $950. The defendant being apprised of this, and also of the indebtedness of Farmer to plaintifi, communicated to the latter the circumstances under which it was to be efiected, and he then agreed with the plaintiff that, if he would procure the order of Farmer for $1,582, the amount of Farmer's debt to plaintiff and the proposed consideration for the house, he would pay it out of the loan to Mrs. Farmer, provided the plaintifl would satisfy a debt of about $500 due from him to defendant and also a debt of $600 or $700 due from him to the Exchange Bank. The plaintifi consented to this. Subsequently Farmer and wife assented to the arrangement, and thereupon the plaintifi conveyed the house and lot and procured from Farmer the written order. Afterwards there was a hitch in the negotiations for the new loan, for" what reason it does not clearly appear. It seems, however, that Farmer was indebted to a much greater extent than the defendant supposed, that he had permitted his lands to be...
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Product details

  • Paperback | 236 pages
  • 189 x 246 x 13mm | 426g
  • English
  • Illustrations, black and white
  • 1236897978
  • 9781236897978