Girard Life Insurance & Trust Co. v. Stewart
Girard Life Insurance & Trust Co. v. Stewart
Opinion of the Court
The judgment of the Supreme Court was entered,
— In this case there was no agreement or consent of the defendant to pay the mortgage debt, or to make it his own, and no consideration moving to him for its payment. He was merely a dry trustee, to whom the property came by the acts of others, and not his own. He is clearly not liable for the mortgage debt under such circumstances. The property was bound for it, but not himself personally. The criterion of personal liability, for an encumbrance to which property is subjected, appears to be the contract or consent of the purchaser to become bound for it where the debt forms a part of the price or consideration he is to pay for the encumbered property. His undertaking to páy the encumbrances
Judgment affirmed.
Reference
- Full Case Name
- The Girard Life Insurance and Trust Co. versus Stewart
- Cited By
- 3 cases
- Status
- Published