May 3, 1951, Charles and Henrietta McKown, husband and wife (hereinafter referred to as the McKowns), entered into an earnest-money agreement to purchase farm land and certain farm equipment located in Mason county, from Lloyd and Frances Davis, husband and wife, and Charles F. Davis, a single man (hereinafter referred to as the Davises). The McKowns paid the Davises eighty-five hundred dollars in cash and property...
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