Supreme Court of Iowa December 22, 1900 (Frankel v. Hites)

Ladd, J\

Hites sold 40 acres of land to Shibley for-$800. The Aetna Life Insurance Company held a mortgage on it and other land, but had promised to release the 40 upon the payment of $600. About March 12, 1896, Hites’ son,, acting for his father, and Shibley, accompanied by Lockwood, met, in pursuance-of a previous arrangemenet, at Searle’s office to close the deal.