MILLER v. PRESSWOOD

No. 09-87-039-CV.

743 S.W.2d 275 (1987)

Johnny MILLER, et ux., Appellants, v. C. Ed PRESSWOOD and James Faulkner, Appellees.

Court of Appeals of Texas, Beaumont.

Rehearing Denied January 13, 1988.


Attorney(s) appearing for the Case

George R. Pain, Houston, for appellants.

Hilde Faulkner, Coldspring, for appellees.


OPINION

DIES, Chief Justice.

On or about April 3, 1984, Johnny Miller and Betty Miller, Appellants, purchased a 24-acre tract of land in Liberty County from C. Ed Presswood and James Faulkner, Appellees. Appellees conveyed the property by warranty deed. Appellants made a cash down payment of $25,000 and, as further consideration for the transfer, they also executed a promissory note for $215,000, plus interest, together with a deed of trust to secure the...

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