Forman v. Lumm

Burr, J.:

The facts agreed upon are substantially as follows: Thomas H. Thorn, for several years prior to his death on January 29, 1922, owned four adjoining lots on the west side of Carpenter avenue, in *580the borough of The Bronx, New York city. These lots were subject to a blanket mortgage for $3,000, and in 1921 were worth $1,500 each. On May 11, 1921, Thorn entered into an agreement with his nephew, the plaintiff, Horace B. Forman, Jr., which is as follows:

“ Agreement between Thomas H. Thorn of 36 West Kingsbridge Road, Borough of Bronx, New York City, and Horace B. Forman, Jr., of…