Crumbaugh v. Smock

1 Blackf. 305, 1824 Ind. LEXIS 11
Indiana Supreme Court·Decided November 2, 1824·Published·Cited by 2 cases

Opinion

Scott, J.

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

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Crumbaugh v. Smock, 1 Blackf. 305, 1824 Ind. LEXIS 11 (Ind. 1824).

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