Smith v. Borders

On December 24, 1915, Dunston borrowed $500 from Mrs. Stern, and to secure repayment executed to her his deed to a house and lot. This deed was duly recorded. Mrs. Stern simultaneously executed and delivered to Dunston her bond for title, in which she obligated herself to reconvey this property to Dunston when this debt was paid. This bond was attested by a notary public as sole witness. On November 2, 1922, Borders purchased from Dunston this house and lot, in payment therefor surrendering to Dunston four notes which Borders held against him, amounting to $1,800, and assuming payment to Mrs.…