Spector v. Ahrenholz

STANLEY MILLEDGE, Circuit Judge.

The plaintiffs conveyed certain land to the defendant, alleged in the complaint to have been as security for the repayment of a loan. The plaintiffs seek an accounting to determine the amount of the indebtedness and, upon its payment by the plaintiffs, the reconveyance of the land.

In his deposition Mr. Spector said that the property was conveyed in order to afford Spector “protection” against a personal judgment against him by William Overton, and that the deed was not given to protect Ahrenholz or anyone else. Pages 51-53. On page 82 plaintiff’s counsel asked…