Harpold v. Stock Fort Myers Hardware Co. Et Al. v. Stock Et Al‪.‬

In May 1951, F. C. Stock, the owner of Fort Myers Hardware Company, sold all his interest or stock in the corporation to D. T. Jardine and his wife Gertrude Jardine, taking their note and purchase money mortgage to secure a portion of the purchase price of the stock. In June 1951, D. M. Harpold purchased the stock from Jardine, agreed to pay Stocks note and mortgage on condition that Stock take Harpolds note for $29,688.37, secured by the same mortgage. This agreement was concluded June 8, 1951, and Harpold took charge of the business.