Reeve v. Dennett

1. In the first count of his declaration in this case, the plaintiff seeks to recover $3000, which he alleges he lent to the defendant. Certain transfers of stock, absolute in *316their terms, had been made by the defendant to the plaintiff. The plaintiff contended that these transfers were made ns collateral security for the loan. The contention of the defendant was, that the $3000 was paid as the consideration in the purchase of the stock, and that the transfers were, what they purported to be, evidence of absolute sales of the stock, which was conclusive between the parties. The defendant…