Gibson v. . Williams

Circuit Court of North Carolina

Gibson v. . Williams

10 F. Cas. 336, 3 N.C. 281

CourtU.S. Circuit Court for the District of North Carolina

DecidedJune 5, 1803

StatusPublished

This text of 10 F. Cas. 336 (Gibson v. . Williams) is published on Counsel Stack Legal Research, covering U.S. Circuit Court for the District of North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Gibson v. . Williams, 10 F. Cas. 336, 3 N.C. 281 (circtnc 1803).

Pincite

Opinion

PER CURIAM.

So much of the lands, as the money secured by the mortgage was worth, shall be deemed to have been purchased by the heir, by payment of the debts of the ancestor; the surplus of the land shall be estimated at its worth at the time of sale in 1801. It must not be valued at its worth at the time of descent to the defendant, for the intermediate profits are a recompense for the expenses incident to holding the land, such as taxes and the like. Verdict and-judgment accordingly.

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PER CURIAM.

So much of the lands, as the money secured by the mortgage was worth, shall be deemed to have been purchased by the heir, by payment of the debts of the ancestor; the surplus of the land shall be estimated at its worth at the time of sale in 1801. It must not be valued at its worth at the time of descent to the defendant, for the intermediate profits are a recompense for the expenses incident to holding the land, such as taxes and the like. Verdict and-judgment accordingly.

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Bluebook (online)

10 F. Cas. 336, 3 N.C. 281, Counsel Stack Legal Research, https://law.counselstack.com/opinion/gibson-v-williams-circtnc-1803.