Adams v. Duprey
Adams v. Duprey
Opinion of the Court
delivered the opinion of the court. The plaintiff’s property was sold under execution by the defendant, who was sheriff of the parish of Iberville. It was subject to a mortgage, and the defendant, after paying the plaintiff in execution, left the balance in the hands of the purchaser, for the security of the mortgage. This action
The transaction took place previous to the enactment of the code of practice. The sheriff sold to satisfy the claim of the sueing creditor, and a subsequent mortgage for the surplus or balance, if any there should be.
The 17th section of the act of 1817, as it is commonly called, after providing for the mode of proceeding under execution, where there exists on the property a previous mortgage, to that of the sueing creditor, has the following proviso. “Provided, however, that in case the creditor, making the seizure, should himself have a special mortgage on the property sold, the said property shall be sold, subject only to the special mortgage anterior to that of said creditor, and to subsequent mortgages, only for the surplus of the price, if any there be, after satisfying such creditors.” Acts of 1817, 38, sec. 17.
We think the court below did not err, in deciding in favor of the defendant. By the law just cited, the land and slaves were le
For, in that hypothesis, the enforcement of the right of a previous mortgage would destroy the lien of a subsequent one on property, not necessary for the satisfaction of the eldest mortgage and turn an hypothecary right on the property into a personal one, against the debtor, whom the creditor could not trust in the first instance, without a lien.
There is a bill of exceptions taken to the opinion of the court, rejecting a record, showing
It is therefore ordered, adjudged and decreed, that the judgment of the district court be affirmed, with costs.
Reference
- Full Case Name
- ADAMS v. DUPREY
- Status
- Published