Golden v. Munsinger

Citations

• 91 Kan. 820
• 139 P. 379
• 1914 Kan. LEXIS 128

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Taxation — Sale of. Real Estate — Bond for a DeedA-Bond Taxable to Vendor. A bond for a deed calling for a conveyance after certain payments are made, for possession by the prospective grantee and the payment by him of taxes and insurance, on which bond certain payments have been made, is subject to taxation to the maker, notwithstanding it was not signed by the' party to whom it runs, and he can quit paying and surrender possession at any time without being obligated in any sum to the maker.</p> <p>2. Same — Contract for Sale of Land — Taxable to Vendor. A contract for the sale of land upon the completion of specified payments and interest agreed to be made, together with the payment of taxes and insurance, to the purchaser, who is to have possession, to be surrendered on default, but such payments being optional with such purchaser, is subject to taxation in the hands of the maker.</p>