Ladow v. North American Trust Co.

Citations

• 115 F. 443
• 1902 U.S. App. LEXIS 4945

Syllabus

<p>Guardian's Sale — Illegal Object — Title op Purchaser.</p> <p>A purchaser at a guardian’s sale who pays nothing for his deed, but takes with an understanding that he will mortgage the property and re-convey it subject to the mortgage, — the object of the transaction being to circumvent the law prohibiting the mortgaging of a minor’s property, —cannot hold the property as against the minor, nor can his grantees with notice.</p>