Kinsley v. Abbott
Kinsley v. Abbott
Opinion of the Court
The opinion of the Court was delivered by
The plaintiff, by assignment, with the consent of the intestate, has acquired the same rights, which Gardiner would have had in the joint property. The intestate and Gardiner were mortgagees of certain lots of land to secure debts due to them jointly. They could not be considered as partners ; nor can the survivor claim by virtue of a lien on the securities. It was decided, in the case of Appleton v. Boyd, 7 Mass. R. 131, that a conveyance.in mortgage to two persons to secure the payment of a debt jointly doe to them, did not come within the statute providing, that conveyances to two or more shall be adjudged to convey estates in common, unless a different intention be therein disclosed. And of course, that they held the estate in such a case as joint tenants. In the case of Goodwin v. Richardson, 11 Mass. It. 469, while the case of Appleton v. Boyd was approved, it was decided, that the foreclosure of the mortgage operated as a new purchase, and that the grantees afterwards held the estate as tenants in common. In Randall v. Phillips, 3 Mason’s R. 378, the case of Appleton v. Boyd is alluded to as having been erroneously decided, and it. is there shown, that one of the reasons assigned, viz. that “ upon any other construction but one moiety of the mortgaged premises would remain as collateral security for the joint debt,” was founded on an erroneous view of the law. But another reason assigned was, that, “ as upon the death of either mortgagee the remedy to recover the debt would survive, we are of opinion, that it was the intent of the parties, that the mortgage or collateral security should comport with that remedy; and for this purpose that the mortgaged estate should survive.”
It may be added, that the estate of mortgagees ■ would not come within the mischief, which the Statute was designed to remedy. That mischief was to prevent the survivor from ac
Case-law data current through December 31, 2025. Source: CourtListener bulk data.