Kolb v. Kolb

The question in this case is whether an assignment of a contract for deed, executed and delivered by the plaintiff, Dan. Kolb, to Ms father, the defendant Karl Kolb, was executed as an outright, assignment or' to secure the payment of a debt.

Following a “talk” with his father in the fall of 1941, Dan Kolb made a written offer to the Federal Land Bank to purchase a half section of land in Stutsman County, known as the Dolliver farm. At the time of making his offer, he paid down two hundred dollars which was furnished to him at his father’s instance from money belonging to the father. The terms…