clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 1, Page 229   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

DUVALL VS. SPEED. 229

EDWIN W. DUVALL AND
PETER SAUSSAR

vs. JULY TERM, 1848.
JOSEPH J. SPEED AND
JOSIAS PENNINGTON.

[TRUSTEES UNDER THE INSOLVENT LAWS—SALES BY—JUDGEMENTT—LIEN OF.]

A TRUSTEE selling under a decree of the Court of Chancery, as a general rule,
sells the title of the parties to the suit, and nothing more; and though a pur-
chaser, discovering a defect in his title at the proper time, may be relieved
from his purchase by asking for a rescision of the sale, he cannot be permitted,
whilst holding on to his purchase, to insist upon having his title perfected by
the application of the proceeds of sale, to the extinguishment of the claims
of incumbrances, not parties to the suit.

A judgment creditor not a party to the suit, is not bound to seek payment out
of the proceeds of sales in the hands of the trustee, but may prosecute his
lien against the property, after its conveyance to the purchaser.

The fact, that the trustee of an insolvent debtor was a party to the suit, does
not dispense with the necessity of making the creditors themselves parties.

[At the October term, 1840, of Anne Arundel County Court,
a judgment was rendered in favor of James Dunn and John
Sloan, for the use of J. J. Speed and J. Pennington, as trustees
and receivers, against one Vachel Sevier, for the sum of $300,
with interest thereon, from the 14th December, 1840, the day
on which the judgment was signed, and costs; upon this
judgment a writ of fieri facias was sued out, and duly returned
by the sheriff at April term, 1841, as partially satisfied and
"nulla bona" the residue.

On the 17th May, 1843, Vachel Sevier and wife, executed a
mortgage of certain houses and lots, in the city of Annapolis,
of which he was seized in fee at the time of the rendition of the
above judgment, together with other real property, in favor of
one John T. Hodges, to secure to him the payment of a large
sum of money, and on the 13th November, 1844, the said
Hodges, filed in the High Court of Chancery his bill of com-
plaint, against Sevier and wife, praying a sale of the mortgaged
premises for the payment of his debt. Before the defendants
answered this bill, viz. on the 22d October, 1845, Sevier ap-
VOL. i—20



 
clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 1, Page 229   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  Cannot perform flastmod(): Win32 Error Code = 2

Maryland State Archives