Krake v. Alexander

Citations

• 86 Va. 206
• 9 S.E. 991
• 1889 Va. LEXIS 27

Syllabus

<p>Gambling Contracts—Notice—Loans to pan gambling debts—Case at bar.— There was judgment against surety on note for money borrowed to be used as margins on grain and pork options. Surety obtained money to pay judgment, securing lender by trust deed on land. Lender was not shown to have had any connection with, or knowledge of, the options. On creditors’ bill to take an account of liens on surety’s land: held, the trust deed to lender was not void as against the other creditors, being based on a gambling consideration.</p>