drain the oil, put in clean oil of the correct viscosity to the correct level and try again. If an engine gets over filled, tipped on its side, lots of things, it can burn oil for awhile. Oil spilled into an exhaust takes time to burn out. If the engine was tight or low on compression, he could have put oil into the cylinder to raise the compression temporarially, then the oil got pushed into the exhaust where it is burning off. It is a used engine, right? Or maybe that is why he sold it. Or maybe he got it cheap and flipped it with a quick fix. As others have said, a blown head gasket into the crankcase can cause it too.
You also said, "coming home." Did you drive it down the road or across fields coming home? How far and how long? Is it designed to be pushed that hard and long?