MacKler v. Lahman

Grice, Justice.

There is no attack on the bona fides of the transaction of May 11, 1940, under which Willner and Mackler, having settled their differences growing out of the litigation over the first security deed, entered into a new contract. Hnder the terms of that contract, Willner executed a second deed to secure not only a pre-existing indebtedness of $1650, but also to secure a present advancement of $3000 to him by Mackler. In this instrument it .was provided, that from time to time other and further accounts receivable and other personal property, at the option of Madder, might be…