ISSUE:
Whether a mortgage executed in favor of a minor who has advanced the whole of the mortgage money is enforceable by him or by any other person on his behalf?
RULE:
The provision of law which renders minors’ incompetent to bind themselves by a contract was enacted in their favor and for their protection, and it would be a strange consequence of this if they are to take nothing under transfers in consideration of which they have parted with their money.