Sprigg v. Lyles
Sprigg v. Lyles
Opinion of the Court
delivered the opinion of the Court. .
The record of this case has been attentively examined, and we are unable to discover therein, any particular, in which the equity jurisdiction of Montgomery County Court has erred. The disputed land in this cause was sold in 1817, and almost three years elapsed before the seller took from the’- purchaser, so much as a bond for his purchase money, and he seemed satisfied with no other security for it, than what the land sold of itself afforded. On the 3d December, 1819, he conveyed the land to the wife of the purchaser, and at the same time received from him obligations for his money, secured by a mortgage of the husband and wifej and made payable, with interest, in three equal annual payments. This mortgage deed was not recorded within due time, but the omission to record appears to have happened without any fraudulent design, or intention of the party, and such intention is no where in the proceedings imputed to him. It ought then,.we think, to be decreed to be recorded, unless the security it gives to the debt has been abandoned for other security given by the purchaser, and accepted by the seller. This has been strenuously urged upon us, but we cannot perceive in the subsequent transactions between the parties, the smallest appearance of an abandonment. Otho Sprigg7s paper to a larger amount was assigned in December, 1821, with a formal guaranty of the payment of it. It was, however, the guaranty of an insolvent man, and the assignment was unaccompanied by any understanding that this security was to be alone relied upon. The circumstances seem to exclude the idea that it could have been so relied upon. Otho
Decree Affirmed.
Reference
- Full Case Name
- Sprigg v. Lyles and Wife, and Richard Lyles Cross Appeals
- Status
- Published