Johnson v. Altman

By the instant action, plaintiff seeks to establish a trust in an undivided one-half interest of a parcel of realty together with the household equipment and certain livestock located upon the premises.

It appears to be undisputed that pursuant to an oral agreement between them, the parties hereto purchased the property on February 21, 1946, for $14,000 cash. Plaintiff and defendants each contributed $5,000 of their own money and defendants borrowed $4,500, payable at the rate of $47.73 per month, secured by a trust deed on the property. Four thousand dollars of this loan was used to complete…