Sproul v. Lloyd
Sproul v. Lloyd
Opinion of the Court
The opinion of the court was. delivered by
The plaintiff by this action sought to recover from the defendant compensation for the pecuniary damage suffered by him through the failure of the defendant to obey certain instructions given to him as attorney. Tlie trial resulted in a verdict in favor of the plaintiff, and the question for present determination is whether that verdict can he justified under the facts.
The proofs showed that tlie defendant was employed by the plaintiff as his solicitor for the purpose of foreclosing a mortgage upon property located at Long Branch. The foreclosure was prosecuted to final decree, and the amount adjudged to lie due thereon was $4,665.50. A writ of fieri fardas was issued on the decree, and the property was advertised for sale by the sheriff. The plaintiff was unable to attend this sale, and instructed the defendant, as his attorney, to bid upon the
We are asked to determine whether on the facts recited (and they are all of the material facts in the case) the plaintiff’s claim can be sustained. We think not. The defendant had no authority, merely because he had been employed as solicitor in the foreclosure suit, to bid on the property at the sheriff’s sale in the name of his client, and he could not hind the latter in .purchasing the property unless he had specific authority to purchase. In the present case the authority conferred upon him was limited, and when he disregarded the limitation imposed upon him by his client he ceased to represent him in. the transaction. Plaintiff, therefore, was under no obligation to accept a deed for the mortgaged premises from the sheriff at the price at which they were struck off.
The plaintiff, having treated the contract for the purchase of the mortgaged premises as his own, and having himself executed it by accepting the deed from the sheriff and paying the purchase price by permitting the amount of the bid to lie credited as a satisfaction pro la,nio> of the foreclosure decree, stands in the same position, under the rule recited, as if he had. originally authorized the defendant to bid at the sheriff’s sale the amount at which the property was finally struck off; and there is consequently no legal liability resting upon the defendant to satisfy the claim now made against him.
There is another reason why this verdict cannot be sustained. It is based upon the theory that the plaintiff suffered a money loss measured by the difference between the amount of the hid originally authorized and the amount of a judgment for deficiency which he would have been aide to recover against the mortgagor in ease the defendant had adhered to his instructions. But, assuming the existence of liability, whether any such loss was in fact sustained would depend altogether upon the pecuniary responsibility of the mortgagor in the foreclosure suit. The mere recovery of a judgment for deficiency against the latter would not have resulted in any benefit to the plaintiff unless the mortgagor was able to
The rule to show causo will be made absolute.
Reference
- Full Case Name
- CHARLES S. SPROUL v. JOHN P. LLOYD
- Cited By
- 1 case
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- Published