Slayton v. Slayton
Slayton v. Slayton
Opinion of the Court
The bill of complaint is in the usual form
Joshua Slayton was the owner of the land, and on January 2, 1873, he conveyed it, by deed duly executed by himself and wife, to Monroe W. Wright, taking back a note and mortgage for the entire purchase price, $4,688.88, payable in four equal annual payments. Wright was married, and occupied the premises as a homestead. January 23, 1874, Wright executed a quitclaim deed of the land, in consideration of $1, to Joseph Slayton, a brother of Joshua. Wright's wife did not join in the deed, although her name was written in as one of the grantors. February 14, 1874, Joshua assigned the first payment to one J. H. Emmons, of Jackson, Mich. March 10, 1874, he assigned the last three payments to complainant. November 30, 1875, Emmons reassigned the first payment to Joshua. In November, 1888, Joshua and his wife separated. May 27, 1889, Joshua executed and recorded a discharge of the last three payments, and on the same day he commenced a foreclosure of the first payment, by advertisement, which was subsequently abandoned. In July, 1889, he assigned this first payment to defendant Helen M. Burch, his daughter. The present bill was filed December 22, 1890. Joseph Slayton died November 1, 1891. Hpon suggestion of his death, his heirs, some of whom were minors, were admitted to defend. Defendant Henry H. Slayton,
The sole defense is that the quitclaim deed from Wright to Joseph Slayton was made pursuant to an agreement between Wright and Joshua that the debt secured by the mortgage was to be thereby paid, and the mortgage discharged. The complainant, on the contrary, insists that she purchased in good faith, for a valuable and bona fide consideration, and in ignorance of any arrangement between her husband and Wright. She further insists that the agreement between Joshua and Wright was not as above stated, but that Wright was to be discharged from personal liability upon the note and mortgage; that the mortgage should remain in force; and that Joshua should look only to it and the land to secure the payment of his debt.
We think it clearly established by the evidence that complainant was a bona fide purchaser for a valuable consideration, — a large debt which her husband owed her,— and without notice.
It is alSo established by a clear preponderance of evidence that Joshua did not agree with Wright to consider the debt paid and to discharge the mortgage, but only to release him from liability thereon. They lived in the same village. Wright did not ask for the surrender of the note and mortgage, though he lived there for years afterwards. Joshua treated it as valid and subsisting. He shortly after assigned it to other parties. These assignments were immediately recorded. These acts were solemn assertions of the existence of the mortgage.' Their record was notice to all parties interested. Joseph paid nothing for the deed to him. He had no knowledge of the transaction. He lived in the state of New York. The quitclaim deed was
The decree of the court below was just, and is affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.