Chase v. Joiner
Chase v. Joiner
Opinion of the Court
There was a decree in the Chancery Court of Shelby County in this cause directing sale of lot in Memphis May 11, 1888, for one-third cash, balance in six and twelve months from date of sale, the deferred payments to he a lien on the land, and no title made until all the purchase-money was paid.
The Master reports he sold on these terms (requiring purchaser to execute interest-bearing notes for deferred payments, and lien retained) to Pat Cooney, June 9, 1888, and that Cooney wholly failed to comply with the terms of sale.
On July 13, 1888, an order is entered reciting that the cause was heard on this report of the Clerk and Master, “from which it appeared to the Court that at the sale had herein on June 9, 1888, Cooney became the purchaser at $3,650; and it further appearing to the Court that said Cooney has wholly failed to comply with his said purchase, on motion of W. J. Chase, said report is in all things confirmed, and the sale to said Cooney is confirmed, and he is hereby required to appear before this Court on July 18, 1888, aud show cause why hé has not complied with his bid.”
Cooney appeared and showed no cause deemed sufficient to excuse him, and the Court held him not entitled to he released. It was then, on motion of complainant, ordered that the land be re
The Clerk and Master was not to execute tins decree for twenty days, that time being allowed Cooney to comply with the terms of his purchase, and should he comply with the terms of his purchase, then the resale should not be made. Cooney never complied, and the resale was made, as ordered, at which the property brought $4,000.
Thereupon, Cooney demanded the rents of the property since the date of confirmation of report of Clerk and Master as to sale to him, with which he had refused to comply, and the excess of $350 which the land brought at the last sale over amount bid by him at first, less cost of sale and of collecting rents. This amounted to $299.85, and was decreed to him. Complainants Chase and wife 'et al. appealed and assigned errors.
The holding of the Chancellor is erroneous. The decree confirming a report stating a non-compliance with terms of sale, and directing purchaser to show cause why he does not comply, followed by another reciting that no sufficient cause appeared, and in terms confirming sale, but still giving further time to comply, shows no completed sale, and amounts to no more than a direction to resell at purchaser’s risk without a confirmation, which is alone the proper practice. In such case
The decree is reversed, and Cooney charged with cost incident to his application and of this Court.
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