SMITH, Justice.
On January 16, 1947, these parties entered into written contract by which plaintiffs sold and agreed to convey to defendant a certain farm adjoining one already owned by defendant. The contract provided for a conveyance and "abstract of title showing merchantable title of record * * * free from encumbrance." A down payment of $5,000 was made leaving $20,987.50 of the agreed purchase price to be paid on or before March 1, 1947.
On March 3, 1947...
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