Jackson v. Walters

Bussey, Justice.

In this equitable action plaintiff-respondent sought to set aside a certain real estate mortgage, and the note secured thereby, on the ground, inter alia, of want of consideration. The note and mortgage were dated September 19, 1964, and were in the amount of $4,200, together with interest at six per cent per annum, payable one day after demand, both instruments being executed in favor of Anne J. Walters (as parent and general guardian of Leila Lane Walters, a minor). The mortgage is under seal and the execution and delivery of the instruments by the respondent is admitted.

The…