Beck v. Sheldon
New York Court of Appeals
1Opinion of the Court
Pound, Ch. J.
The action is brought to foreclose a mortgage called the Roseville street mortgage, which was made on February 21, 1920, by defendant Marion C. Sheldon to Theodore B. Sheldon, as guardian of Carew and Octavia F. Sheldon, to secure the payment of $3,333.33, and assigned on November 27, 1923, by Sheldon, as guardian, to the plaintiff. The mortgagee is the mortgagor’s father. He had been her guardian until she became of age on January 18, 1918. The defense is lack of consideration.. Marion C. Sheldon, her brother Carew and her sister Octavia each owned an undivided one-twelfth…
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