Becker v. Nelson

Lees, C.

In August, 1917, Theodore H. Zorn was the owner of three lots in the village of Gardena, North Dakota. A dwelling house and a store in which Zorn had a stock of merchandise were located on the lots. Zom mortgaged the real property to plaintiff to secure a note of $3,000, payable November 1, 1920. In September, 1918, Zorn conveyed the real property to defendant by a deed of general warranty. The deed provided that defendant should assume and pay plaintiff’s mortgage. Zorn also transferred the stock of merchandise to defendant. An inventory of the stock showed that it was of the value…