Bronson v. Stetson

The bill was filed to set aside a mortgage on plaintiffs’ land in Flint, which land they had received in exchange for a farm. Mears, plaintiffs’ agent, effected the exchange, and in so doing represented to them that there was a mortgage of nearly $800 on the Flint property, which plaintiffs were to assume, and that the man who held it would •want to turn it over to Union Trust & Savings Bank and get his money. Mears had plaintiffs make and execute a mortgage covering the Flint property to secure a note also made of even date for $800 payable in three years with interest, on which was stated…