Wells v. Park

The purpose of this suit is to have a certain deed decreed to be a mortgage. The bill alleges that in 1908 the plaintiff purchased on contract certain land in the village of Grosse Pointe, Wayne county, Michigan, from one Albert G. Damerow. In 1909 he defaulted in his payments and Damerow threatened to terminate the contract and dispossess him of the land. He sought a loan of the defendant, who' agreed that if he were given a deed of the property he would furnish sufficient money to enable the plaintiff to pay Damerow the balance due on the contract, and that the plaintiff should pay him back…