Detroit Trust Co. v. Struggles

Subsequent to tbe disposition of the prior appeal in this cause, reported in 283 Mich. 471, defendants filed separate answers to plaintiff’s bill, the answer of defendant Struggles alleging that the- stock in question had, prior to October 29, 1936, been delivered to him indorsed in blank by the deceased, and that on the date mentioned was in his possession and was by him delivered to the defendant, E. A. Pierce & Company. The answer further alleged that the transaction constituted a gift of the stock to him, rather than a loan, and alleged the circumstances surrounding the delivery of the…