Jacobson v. Greaves

Masucci, J. C. C.

The present application for summary judgment raises the question of the legality of the entire transaction of which the note sued upon was part of the consideration. Securing the necessary loans for the purchase price was done under the provisions of the Servicemen’s Readjustment Act of 1944, 58 Stat. 284, 38 U. S. C. A. § 694a (1944).

In addition to other facts the defendant’s answering affidavit sets up that the plaintiff in an effort to circumvent the provisions of the act advised and carried through the execution of a deed of conveyance solely to the veteran although it…