Dudley v. Nickerson

The material facts in this suit are as follows: Before his bankruptcy (which took place on April 26, 1907), George Nickerson, junior, caused to be conveyed to Caleb Chase the fee in a parcel of land known as the “Homestead,” which was his (Nickerson’s) property. The conveyance in form was an absolute one, but in fact it was made to secure $1,740 lent by Chase to Nickerson. Thereafter, on November 23, 1908 (more than a year and a half after Nickerson was adjudicated a bankrupt), Chase died, leaving to Nickerson a legacy of $10,000. At the date of Chase’s death Nickerson owed him (including the…