Chick v. Tucker
Chick v. Tucker
Opinion of the Court
Opinion by
While the lien for the purchase-money was retained in the original deed from Tucker and wife to Elliston and others, it is evident that when Tucker made the trade with Chick and Deut there was a change in the notes, and this was done in order to enable the parties to transfer to Chick and Deut their interest in the large note, or to
This land in Bullitt county, it seems, is claimed to have been purchased by the wife or for her. use, although the notes of the husband were executed for the purchase-money, but whether so or not the husband pledged the note to Benton. The wife is now dead, and her right of survivorship or an equitable settlement is not involved; but on the contrary the husband is the real owner, and by right of survivorship entitled to the note or its proceeds. He had the note not only in his possession, but had pledged it; and, the wife dying, we see no reason for denying to the husband the right to dispose of it, and the chancellor will certainly do so for him in a case like this. The note was pledged to secure the payment of the notes due on the Bullitt county land, and when these notes are paid, the vendor having a lien, the husband is entitled to the note or its proceeds held by the bank as collateral only. It clearly appears that the land in lien for the purchase-money on the original sale of Tucker and wife is insufficient to pay or satisfy the several lines, and therefore the bank should be required to subject the Bullitt county land and what is left unpaid of the purchase-money. The lien to that extent can be enforced in conjunction with the lien of appellants on the land sold by Tucker and wife to Elliston. The case should be retained on the docket until the bank may ascertain by a sale of the Bullitt county land the extent of its interest in the $6,200 note.
Judgment reversed and cause remanded for further proceedings consistent with this opinion.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.