Mahaffey v. Evens

Mr. Evens, the defendant in this cause, was the owner of a farm near Marlton, Burlington county, New Jersey; in 1927 he conveyed it to Dr. J. Lynn Mahaffey, one of the complainants herein, for $45,000, of which $15,000 was paid in cash and $30,000 secured by a purchase-money mortgage. In addition to the consideration paid to Evens, Dr. Mahaffey paid about $12,000 more for the premises, but this difference in consideration went to others who were interested in the agreement of sale. Shortly afterward, Dr. Mahaffey conveyed the premises to Marlton Farms, Incorporated, among whose stockholders…