Meade v. Thompson
Meade v. Thompson
Opinion of the Court
OPINION OF THE COURT — by the
Joseph Wrenn purchased from William Thompson in his life time a tract of land on Homochitto. Thompson gave to Winn a bond conditioned to make titles thereto when he should receive a patent from the United States for the same, and took Winn’s promissory note for the purchase money. An execution afterwards issued from the District Court of the United States against Winn, by virtue of which the marshall sold the right, title and interest of Winn to this tract of land, and Meade, the complainant, became the purchaser at such sale. Thompson subsequently obtained a judgment in the Circuit Court of Franklin county against Winn for the amount of the purchase money. An execution issued on the judgment, by virtue of which the sheriif sold the interest of Winn in the land, aud Thompson himself became the purchaser. Meade files this bill, and prays that Thompson may be decreed to convey to him the land in question, which thé defendant resists until the purchase money shall be paid, and insists on his prior equitable lien. If a conveyance had been actually made by Thompson to Wynn, vesting in him the legal estate, there can be no doubt but the complainant, a purchaser without notice, would take the land discharged of the lien, attaching to it an account of the purchase money — but he was the purchaser of an equitable title only, and was sub; ject to do all the equity which Winn would be compelled to if he were complainant. The purchaser of an equity takes it, subject to all equity. 7 Cranch. 34. Meade cannot sustain this bill without offering to pay the purchase money.
Complainant’s bill must be dismissed.
Reference
- Full Case Name
- MEADE v. THOMPSON
- Status
- Published