Judson v. Lyford
Judson v. Lyford
Opinion of the Court
On the seventh day of November, 1881, a judgment was entered in the superior court in favor of Michael Lynch, and against T. B. Deffebach, for the sum of $9,446.74, and on the day following it was assigned by Lynch to the plaintiff herein. On September 15, 1883, Mrs. Deffebach died, and T. B. succeeded to an undivided one-third' of her estate, the same being the lands described in the complaint. On October 10th following, Deffebach conveyed the property to defendant Lyford, as trustee, in trust for him (said D.) and his four minor children. By the terms of the trust Lyford, as trustee, was to sell sufficient of the interest of D. to pay off all debts of the estate of Mrs. D., deceased; lease the remainder of his (said D.’s) interest upon such terms as said trustee should think proper; and out of the rentals pay taxes, and expenses of caring for the property, render one-half of the surplus profits to said D. for his support during his natural life, and upon his death to apply the whole of the surplus to the support and education of the children; further, to convey, upon T. B. Deffenbach, Jr’s., becoming of age, or, in the event he should not live so long, then when the youngest child living should become of age, to the said children or the survivors of them, said property, share and share alike. An execution on the judgment was issued out of the superior court on the thirteenth day of November, 1883, and levied on all the right, title and interest which Thomas B. Deffebach had in said property on said thirteenth day of November, and on December 15th, folk. ..mg’, was executed by a sale of the property to this plaintiff for the sum of $9,500. At the time of this levy the lien of the judgment upon this land, if any there had ever been, had ceased. No redemption having been made, a certificate and sheriff’s deed were issued to plaintiff in due time and in due form. Deffebach died on June 24,1884. The defendant Lyford is the administrator of the estate of T. B. D., deceased, and is also guardian of the minor children. After the answers of the defendants were filed herein, to wit, on November 13, 1884, the plaintiff having received from the defendant the balance due upon the judgment in the case of Lynch v. Deffebach, entered a satisfaction in full of the judg
But it is claimed by appellant that the purchaser here was, at the time the trust deed was executed, a creditor of the grantor, and therefore the general rule that the purchaser takes upon himself all risks as to title does not apply. A complete answer to this is found, we think, in the facts that there was no actual fraud, that the deed was not void per se, and
Judgment and order affirmed.
We concur: Works, J.; Fox, J.
Reference
- Full Case Name
- JUDSON v. LYFORD
- Status
- Published
- Syllabus
- Judicial Sale—Eights of Purchaser__D., Against Whom Plaintiff held a judgment, succeeded, on Ms wife’s death, to one-third of her lands, and conveyed his interest to defendant in trust to be leased, and one-half of the profits applied to his support during his life, and at his death the whole to go to his children. After the execution of the trust deed, plaintiff levied an execution on D.’s interest in the land, and at the sale bid it in, taking a sheriff’s deed. Afterward, plaintiff received the balance due on the judgment, and entered a satisfaction in full. Held, that at the time of the sale under execution the legal title was in defendant, and plaintiff, under the sheriff's deed, took nothing but D.’s equitable interest therein, which ceased on D.’s death. Judicial Sale—Eights of Purchaser.—Whatever may have Been Plaintiff’s right, as a creditor, to set aside the deed of trust because given to hinder and defraud creditors, it was lost by his purchasing the “right, title, and interest of D.” in the property, and accepting the balance due on the judgment, and acknowledging satisfaction thereof, and he thereafter had no other standing than that of a purchaser at an execution sale, subject to the rule of caveat emptor.