Gibbens v. Ritter
Gibbens v. Ritter
Opinion of the Court
delivered the opinion of the court.
Under a decree of the circuit court of Frederick county in the case of McKown’s heirs v. McKown’s heirs, a sale of certain lands was made by Z. Silver, a commissioner appointed for that purpose. Three bonds were executed by the purchaser for $1,110.15 each, payable the 14th of January, 1868, the'14thof January, 1869, and the 14th of January, 1870. A deed of conveyance was executed to the purchaser and a deed of trust given to the commissioner by the latter upon the land to secure the payment of the purchase money. The third and last bond was by the decree of the court and with the consent of the parties set apart for the benefit of the widow of Warner McKown in lieu of dower in the land sold. There is no controversy touching this bond and we need -not concern ourselves about it. It is with the first and second bonds we have to deal. That falling due on the 14th of January, 1868, was assigned by the commissioner the day after its maturity, together with the deed of trust, to F. S. S. McKown, who paid the commissioner full value for the same, and the money was properly distributed among those entitled to it under the decree of the court. There is no doubt but that McKown advanced the money for the benefit of the purchaser and the accommodation of the beneficiaries of the fund. On the 19th of January, 1872, McKown, for value received, assigned the bond to Clevenger, the present holder.
The second bond, falling due the 14th of January, 1869,
In Clarksons v. Doddridge, 14 Gratt, p. 12, notwithstanding the commissioners had been removed from office and others appointed in their places, an action at law upon the bond was instituted in their names. This court held that the legal intent was vested in the commissioners to whom the bond was executed; that the substitution of the new commissioners did not transfer or effect that intent, and the action was properly brought in the names of the obligees.
And in Moss v. Moorman, 24 Gratt. 97, an assignment of a bond by a commissioner to a third person was upheld by this court as valid and effectual to transfer the bond as a subsisting security against the obligor himself. If valid against him it must be equally so against three persons unless there is some equity supervening to prevent it.
The appellant himself claimed under an assignment made by the same commissioner in 1869, and he was content with that assignment until January, 1875, when it occurred to him for the first time to abandon the assignment, to claim for money paid, and to take a deed of trust upon the same land. If he repudiates the assignment, he must, of course, stand in the shoes of the debtor, and as such he is directly within the influence of the case of Moss v. Moorman.
It is said, however, that the appellant, at the time he took the assignment of the second bond had the right to suppose that the first had been satisfied. Every assignee of a secured or posterior bond might with equal propriety contend for the same presumption, bio such inference can fairly be drawn. It often occurs that the holder of several bonds falling due at different dates transfers them to different persons, and such assignments have been recognized by this court as valid according to their priorities without regard to any question of notice. The doctrine of cameat etrvptor ap
With respect to the question that the heirs of McKown are not parties, it is for the first time made in this court. Under such circumstances the objection is not viewed with favor by the court, and will not be entertained unless essential to a just decree upon the merits.
The two bonds already alluded to are the only subjects of controversy in this case. In these the heirs of McKown have no sort of interest as they have already received the amount of the same.
It is very true that the circuit court by its decree of 31st March, 1876, directed the third bond, after the death of the widow, to be delivered to the appellant, but that portion of the decree was set aside at the June term, 1876, and the disposition of that bond reserved for future adjudication. Before that question is settled the heirs of McKown can be made parties, if it be necessary, for the protection of their rights.
Upon the whole the decree of the 31st of March, 1876, subject to the modification contained in the subsequent decree of June term, 1876, is affirmed.
Reference
- Status
- Published