Raynor v. Lyons

Citations

• 37 Cal. 452

Syllabus

<p>Absolute Deed as Security for Debt.—A deed or an assignment of an interest in land, absolute on its face, may be shown by parol testimony to have been intended as a security for the payment of a debt.</p> <p>Money Held in Trust.—If A. makes an absolute deed of his land to B., with the understanding between him and B. and 0. that B. is to sell the land and use the proceeds to pay the debt of A. to C., C. can compel B. to account to him and pay over the proceeds.</p>