Norwood v. American Trust & Savings Bank

While the bill of complaint seeks to cancel certain mortgages and transfers by the wife to secure her husband’s debts, it injects fraud into the transaction for the evident purpose of excusing her of laches or for the delay in filing the bill. As we understand, the fraud relied upon was the misrepresentation of the complainant’s husband to her that the debt for which the mortgages were given was the debt of the Norwood Brokerage Company, of which complainant was a large owner, when, in fact, the debt secured was that of her husband, and not the brokerage company. The bill also avers that…