Gilchrist v. Manning

Complainant filed his bill to foreclose a land mortgage, made on dwelling-house property in Detroit, belonging to defendant Margaret. The court below dismissed the bill for reasons referring to want of consideration and fraud.

The mortgage and notes for $2000 formed part of a consideration of $5000 which was the agreed purchase price of a schooner named the “ Cornelia Amsden.” The bargain was made April 14, 1881, at Detroit, defendants then being there, and complainant also, although he lived in Ohio. The vessel was then at Alpena, and not accessible.

Complainant had entered this with other…