Dabbs v. Letson

The bill of complaint alleges every element necessary to entitle complainant to the relief prayed for.

Respondent’s chief contentions are that the contract sought to be enforced does not show that any valuable consideration was paid by complainant for respondent’s undertaking, and that the contract was unfair and inequitable in that it would amount merely to a gift by respondent to complainant of his statutory right of redemption from the foreclosure sale. Very clearly the contract in question show's a valuable consideration for respondent’s undertaking, even though it resulted in no personal…