Munson v. Munson

In this suit, Miriam A. Munson, since deceased, executed a mortgage to her son, Arthur C. Munson, in the sum of $3,000. Foreclosure of the mortgage is resisted by one of the daughters and heirs of the mortgagor on the ground that the mortgage did not represent an actual debt, and that the mother was imposed upon in the transaction. This defendant relies on the case ofPetty v. Young, 43 N.J. Eq. 654, in which the court said (atp. 656):

"Of course such transactions between aged parents and their children are always carefully scrutinized by the courts. It must appear that everything was or is…