Doughty v. Duryee

Plaintiff maintains this action for a declaratory judgment adjudging that he is the absolute owner of the subject matter described in an assignment of defendant’s remainder interest in the estate of his grandfather.

Defendant contends that the assignment originally made to one Audrey Naylor and subsequently assigned to plaintiff was given as collateral security for a loan and was: mot intended as an absolute transfer. Defendant further conten, ds that he executed additional assignments to parties not na.ine? d in this action *119all of which were given as collateral security for usurious loans and…