Allen v. Mutual Acceptance Corp.

The plaintiffs’ bill of complaint sought a declaration that a deed from them to the defendant dated April 29, 1961, of real estate in Worcester and a lease of the property from the defendant to them dated May 10, 1961, containing a repurchase option were void as constituting an illegal security transaction. In their brief on their appeals from interlocutory decrees and from the final decree of the Superior Court dismissing the bill they ask that the indebtedness, if any, of the plaintiffs to the defendant under the alleged equitable mortgage be established.

A master, whose report was…