Fairbank v. Douglas

The net result of the majority opinion is that for a consideration of $58.66 the wife of the attorney for the improvement district has acquired property which the undisputed testimony shows has — even now — -notwithstanding the depression, a market value, of not less than $6,000' cash. No witness placed the cash market value at a smaller figure, and some placed it much higher. The Bankers’ Mortgage Company made a cash loan of $5,000, and the appellants, who are the trustees of the Missouri Congregational Conference, thought the property safe security for a loan of that amount, and upon that…