Michigan Supreme Court, 1862

Sellers v. Botsford

Sellers v. Botsford
Michigan Supreme Court · Decided November 25, 1862 · Manning, Other
11 Mich. 59; 1862 Mich. LEXIS 101

Sellers v. Botsford

Opinion of the Court

Manning J.:

Conceding the usury set up in the answer, which we do-not think established by the evidence- — -the appellant, who is a subsequent purchaser of the mortgaged premises, can not avail himself of it as a defense to the mortgage, or turn it to his individual benefit. By tbe agreement between him and the mortgagor when he purchased he was to pay the mortgage. Its payment was a part of the consideration or purchase price he was to pay for the land. On this ground, if no other, he should not be permitted to-set up usury in tbe contract between the mortgagor and mortgagee. In the case of the Farmers and Mechanics' Bank v. Kimmel, 1 Mich. 84, usury is held to be a persona^ defense, to be made by a party to the contract, of which a. subsequent purchaser can not avail himself.

The decree is affirmed, -with costs.

The other Justices concurred.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.