Crumbaugh v. Smock
This text of 1 Blackf. 305 (Crumbaugh v. Smock) is published on Counsel Stack Legal Research, covering Indiana Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
It is alleged in objection to this decree, that the relief prayed for existed at law and not in equity; and that the-.prayer for general relief did not authorize a decree for a sale; [306]*306of the mortgaged premises. The transaction in question may be considered as a conditional transfer of the defendant’s estate, become absolute on failure of payment of the 200 dollars and interest; or it may be considered in the nature of a mortgage— a mere security for the payment of the borrowed money. Add. R. 357. The complainant considered it as a security in the nature of a mortgage, and set it out so in his bill; the defendant, by his demurrer, admitted this construction; and this indeed seems to be the most natural view of the contract
The objection that the relief decreed is inconsistent with the special relief prayed for in the bill, is of no validity. The Court is not confined to the particular relief prayed for. On a prayer for general relief, the Court will grant such relief as is warranted by the case made out in the bill
The decree is affirmed, with 5 per cent, damages and costs.
Although a conveyance be absolute on its face, yet if the grantee agree by deed to re-convey on being repaid his purchase-money within a certain period, the conveyance is considered a mortgage, and redeemable. Manlove v. Ball, 2 Vern. 84. — 1 Madd. 2d ed. 517. So if a deed, absolute on its face, be shown to have been intended merely as a security for a debt, it will be considered a mortgage. Dey v. Dunham, 2 Johns. C. R. 189.— Strong v. Stewart, 4 ib. 167. — James v. Johnson, 6 ib. 417. — Henry v. Davis, 7 ib. 40.
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Cite This Page — Counsel Stack
1 Blackf. 305, 1824 Ind. LEXIS 11, Counsel Stack Legal Research, https://law.counselstack.com/opinion/crumbaugh-v-smock-ind-1824.