Bickert v. Cargill Elevator Co.

In the year 1927, J. G. Kraft and Louisa A. Kraft were husband and wife. Louisa A. Kraft at that time was admittedly the owner of a quarter section of land' some twenty miles distant from Aberdeen in Brown county. This land was subject to a $5,000 mortgage in favor of Northwestern 'Mutual Life Insurance Company. Legal title to the realty stood in the name of Kathern Kraft, mother of J. G. Kraft. 'Whether this legal title had been transferred to Kathern Kraft by way of security for a debt or as a matter of convenience and for the purpose of evading a judgment held by the state superintendent…