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PARKS v. McINTOSH

No. 6813.

361 P.2d 949 (1961)

68 N.M. 324

Lester A. PARKS and Clara Parks, his wife, and Bobby G. Parks and Gail Parks, his wife, Plaintiffs-Appellees, v. W. P. McINTOSH and Amolene McIntosh, his wife, and Minnie E. Cochran, Defendants-Appellants.

Supreme Court of New Mexico.

Rehearing Denied June 5, 1961.

Attorney(s) appearing for the Case

Frank O. Westerfield, Albuquerque, for appellants.

Owen B. Marron, David W. King, Albuquerque, Stagner, Sage & Walker, Carlsbad, for appellees.

COMPTON, Chief Justice.

The parties to this action are ranchers of considerable experience in that field. The plaintiffs owned a ranch in Catron County consisting of both deeded and leased land. The defendants also owned both deeded and leased land in Lea County. They agreed to exchange ranches, and, in adjusting the consideration, the defendants gave plaintiffs a secured promissory note in amount of $7,000, bearing 6% interest, payable in annual installments of ...

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