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CADIGAN v. AMERICAN TRUST CO.

Docket No. 16257.

131 Cal.App.2d 780 (1955)

281 P.2d 332

MYRTLE CADIGAN, Respondent, v. AMERICAN TRUST COMPANY, as Executor, etc., Appellant.

Court of Appeals of California, First District, Division One.

March 25, 1955.

Attorney(s) appearing for the Case

Cushing, Cullinan, Duniway & Gorrill and Vincent Cullinan for Appellant.

Jarvis, Miller & Decker and Charles W. Decker for Respondent.

WOOD (Fred B.), J.

April 12, 1944, Margaret Grant executed and delivered to James and Myrtle Cadigan a deed conveying certain real property to the Cadigans and received from them their promissory note in the principal sum of $6,150 bearing interest at 6 per cent (payable at the rate of $42.50 a month) and deed of trust securing the note.

August 10, 1944, Margaret Grant wrote, signed and mailed the following letter to the Cadigans: "You have bought from me...

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