Volume 200, Volume 3, Page 571 View pdf image (33K) |
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INDEX. 571 FIXTURES.— Continued. upon the subject, actual fixtures, of course, pass under it, -and as to im- provements doubtful in their nature, the inquiry is, whether they have become part of the realty ? If they have, they must be considered as done by way of permanent improvement, for the general benefit of the estate, and not for its temporary enjoyment, and they pass by the mortgage. Ib. 3. A mortgage was executed of the real estate of a manufacturing company, consisting of land and the buildings thereon,, without any express stipula- tion as to fixtures. HELD— That machinery subsequently placed in the buildings, so as to become fixtures, passed by it, and enured to the benefit of the mort- gagee. Ib. 4. Machinery in a cotton mill, used for the purpose of manufacturing cotton, such as looms, cards, spinning-frames, speeders, &c., and fastened to the building so as to secure their uniform and steady operation, are not fix- tures. Ib. 5. As between mortgagor and mortgagee, if the annexation be such as to make it impossible to disunite the personal from the real estate without injury to both, and especially without injury to the latter, the personal will be regarded as real estate, though not affixed perpetui usus cav.s&. Ib. 6. As between such parties, the question is, whether the thing so claimed to be a fixture is so attached as to become parcel of the freehold; and this is a question of fact depending on'the mode of annexation to the soil or fabric of the house, and the extent to which it is united to them. Ib. 7. The ancient rigor of the rule in regard to fixtures has been mitigated in modern times, and the tendency and spirit of recent decisions is to a still greater relaxation, not only aa between landlord and tenant, but also as to parties between whom it has hitherto been applied with more strict- ness. Ib. 8. Where the holders of the liens on machinery and fixtures, and on the building, are different parties, and rent has been received for the use of the whole property, by the trustees, before the sale under the decree, in apportioning such rent, there should be given to the holders of the lien on the machinery such proportion as according to proof they would be en- titled to in view of the greater wear and tear of the machinery. Ib. FRAUD. 1. It is well established, that fraud may be inferred from facts and circum- stances; from the character of the contract, or from the condition and circumstances of the parties. Davis vs. Banks, 138. See FRAUDULENT CONVEYANCES. REGISTRATION OF DEEDS, 1, 14. HUSBAND AND WIFE, 13. MORTAGE, &c., 2. TRUSTS, 1,2. . PRACTICE IN CHANCERY, 49. FRAUDULENT CONVEYANCES. 1. A conveyance, even if for a valuable consideration, is not, under the sta- tute of 13th Elizabeth, valid in point of law, from that circumstance alone. It must also be bonafide, for if it be with intent to defraud, or defeat cre- |
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Volume 200, Volume 3, Page 571 View pdf image (33K) |
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