Lyman v. Place
Opinion of the Court
The bill is filed by Frederick Lyman,. Christoper Ehni, and Elias Van Fleet, against Joseph V. Place,, and his wife, and Joseph Morehouse, (who is Place’s brother-in-law,) to subject certain premises, a house and lot in Raritan, in Somerset county,, or the amount of a promissory note, received by Place and his wife from Morehouse for the consideration of the conveyance of the property by them, to- him,, or so much thereof
Objection was made, at the hearing, that there was a misjoinder of complainants. This objection cannot prevail, for the reasons given in disposing of the like objection made at the hearing, under like circumstances, in Annin v. Annin, 9 C. E. Green 184, 188. The evidence shows that the property which was conveyed to Mrs. Place by La Rue Vredenburgh, in or about April, 1870, was paid for with money borrowed of a building loan society on certain shares therein, which originally stood in Place’s name, and which he transferred to his wife, and certain money borrowed by Place, which he still owes. The price paid to Vredenburgh was $925. The proof is, that the shares, which were five in number, were subscribed for by Place, and taken in his own name; that they stood in his name for about a year and a-half thereafter, when he transferred them to his wife; that the dues on them, up to the time when they Avere “ bought out,” Avere $5 a month, and after that, $10.831; that they were “bought out ” as a means of obtaining the money to buy the property of Vredenburgh; and that for tAvo years and a-half, up to December, 1873, the dues Avere paid by Place out of his Avages. Each share, at the last mentioned date, Avas Avorth, as is testified, a little over $100. Place says he will not say that the dues were not paid out of his Avages for the first three years, and the shares appear to have been subscribed for in February, 18(38. There seems to be no room for doubt that the shares Avere, at the time of the purchase of the premises
On the hearing, the complainants’ counsel expressed his willingness to look for satisfaction of the complainants’ debt, to the note given by Morehouse on account of the purchase money of the property, instead of to the property itself. This renders it unnecessary to pass upon the conveyance to More-house. Satisfaction of the complainants’ judgments, with ' the costs of this suit, will be decreed to be made out of the money due from Morehouse on his note.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.