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FOLGER v. COMMONWEALTH

330 S.W.2d 106 (1959)

W. E. FOLGER and Curtis Mathias, d/b/a Mathias and Folger Oil Company, Appellants, v. COMMONWEALTH of Kentucky, Department of Highways, Appellee.

Court of Appeals of Kentucky.

December 11, 1959.

Attorney(s) appearing for the Case

Pat Rankin, Stanford, for appellants.

Jo M. Ferguson, Atty. Gen., F. D. Curry, Asst. Atty. Gen., for Highway Dept.

BIRD, Judge.

On March 26, 1948, Forrest and Kathryn Harmon were engaged in the business of distributing oil products at wholesale. At this same time they were owners of a filling station property through which they were retailing their oil products. On this same day they conveyed the filling station property to Ralph Turton for the stated consideration of $15,000. The sum of $10,000 was paid in cash. In payment of the remaining $5,000, the grantors accepted an agreement...

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