Grayson v. Lilly

23 Ky. 6, 7 T.B. Mon. 6, 1828 Ky. LEXIS 39
CourtCourt of Appeals of Kentucky
DecidedApril 14, 1828
StatusPublished

This text of 23 Ky. 6 (Grayson v. Lilly) is published on Counsel Stack Legal Research, covering Court of Appeals of Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Grayson v. Lilly, 23 Ky. 6, 7 T.B. Mon. 6, 1828 Ky. LEXIS 39 (Ky. Ct. App. 1828).

Opinion

Judge Mills

delivered (.lie Opinion of the Court.

Grayson, the appellant, recovered judgment against John Bullock, in covenant, and issued his first execution, dated the 9th of November, 1819.

By virtue of that execution, the land of Bullock was sold, and Thomas Lilly became the purchaser, on a credit of one year, and executed bond with security accordingly.

Sale quashed. Grayson endorses for Commonwealth’s paper, and it is replevined accordingly and paid in. paper. Judgment the Second reversed, Bill by Lilly injunction cu tío ns on the reinstated sale 1)01111 •

But after execution issued on said bond, Lilly with his security, moved the court below to quash the bond, relying on the ground that the law which authorized and directed the sale on that length of .credit was unconstitutional, anti the court sustained .the motion and quashed the bond.

Grayson then issued another execution on lus judgment. But at that time the Bank of the Commonwealth was created, and the act had passed which subjected his judgment to a stay of two ■years, unless he would endorse on his execution a willingness to accept, at par, the paper of the bank ■of the Common wealth, then greatly depreciated. He submitted to that act, made the endorsement, nnd Bullock replevied the debt for three months. At the .end of three months the amount of this replevin bond was collected in paper of the bank of the Commonwealth.

Grayson then prosecuted his writ of error in this court, to reverse the judgment of the court below between himself and Lilly, quashing the sale bond first given by Lilly,- or the purchase of Bullock’s Jbond.

Gn hearing,.this court reversed that judgment and reinstated the sale bo.nd given by Lilly .as valid.

.On -the return of the mandate of this court to the court below, Grayson issued his execution on said sale bond .against Lilly and his surety, for the amount.

To enjoin this execution Lilly prosecuted this bill ip equity, making both Grayson .and Bullpek de■fendants, relying on the foregoing facts, and.alleging.tb.at, o.n his purchase of the land of Bullock, he had executed to Bullock a writing, agreeing to re-convey the .land to Bullock, if Bullock refunded his money in one year, and if he did not, that the land was to be sold, and the sale bond to Grayson paid, and the residue, if any, was to go to Bullock. He insists that as Bullock has since paid the judgment under which the land-was sold, that payment enure.s to his benefit, and that Bullock is willing that it. [8]*8shall do so, and extinguish the sale- bond, and he, therefore, prays a perpetual injunction.

Grayson’s answer. No answerby Bullock. Decree of the circuit court. Sheriff’s commission allovved.as a credit.

Grayson admits that after the sale bond was quashed he pursued his judgment against Bulloek, and was compelled to endorse a willingness to take paper, then depreciated nearly one half, and that he prosecuted the writ of error to save himself from this great loss; that on reversing the judgment and reinstating the sale bond he became bound to account for and pay back to Bullock the amount of Commonwealth’s paper which he had received. He denies any knowledge of a friendly arrangement 01-purchase* of the land for Bullock, as stated in the bill, or that he has any knowledge that Bullock is willing that the amount of notes on the hank of the Commonwealth which he had recovered from him .on his origual judgment, may beset off against, or placed to the credit of Lilly, on the sale bond, and insists that he has not a right himself to giye such a credit, while Bullock holds his right of restoration of the paper currency. But declares his willingness to give ci-edit for that paper, if Bullock is willing, at its real value in silver, and not at par. He also insists that as his judgment, which sounded in damages obtained in an action of covenant, did not bear interest till the sale to Lilly, he ought to he allowed the interest from the date of the sale bond, and also the sheriff’s commission for making the sale, which was something considerable and wag included in the sale’bond!

Bullock made no answer to the bill.

On'hearing, the court below decreed a perpetual injunction to the whole sale bond, except the interest accruing thereon from its date to the date of the replevin bond given by Bullock in discharge of the execution on the judgment, issued after the sale bond was quashed, and also gave to Lilly his costs. From' this decree Grayson has appealed to this court.'

If we admit that the court below 1ms assumed the' correct criterion of settling this controversy, we cannot perceive how the sheriff’s commission for making the sale could be refused to the appellant. [9]*9fí'he sale was conducted fairly, and was held by this court to be valid, and was invalidated without the fault and against the consent of Grayson, by the wrongful act of Lilly in attacking the sale, and' as Grayson was bound to the sheriff, Lilly ought to account to Grayson for the commission. For it is evident that the subsequent discharge of the original judgment by Bulluck did not include or discharge this commission on the sale rightly prosecuted by Grayson.

Where,on the quashing a sale of land under execution, made on a credit, the ■ plaintiff takes an execution on his original j u'dgmon't, & endorses it for Bank paper, and collects that depreciated one half; and after-wards the the judgment quashing the sale and sale bond is reversed; the plaintiff may proceed on ' the sale bond for specie, the defendant may have restitution of the value of the Bank paper, end the purchaser shall jiqld the land.

But the main question is, what credit ought to be given on the sale bond, for the paper of the bank of the Commonwealth, received by Grayson on his executions against Bullock? Ought that paper to be credited at par, or according to the scale of depreciation, as the proof is clear that the depreciation was great, and Grayson insists that he is entitled to the difference between it and specie, and that the injunction ought to be dissolved to that amount. We fake it for granted that some credit ought to be given, because Bullock by not answering the bill, has given his t.acit assent to it, and Qrayson has assented if Bullock does. But without thé assent of Bullock, it is evident that the credit could not be givpn, unless under some special circumstances such as the insolvency and non-residence of Bullock or the like, none of which are pretended. For if we suppose Lilly and Bullock to he at variance, what would have been the course that each could take by law, on the reversal of the judgment quashing the sale bond? Bedeck might have set aside all the executions against him, and have procured restitution of what he had paid, and Lilly was bound to pay up for the land, and to keep it for his remuneration, so that- Lilly 'would have been entitled to the land— Grayson to its price, and Bullock to a restoration of the value of his bank paper, and it is only jn consequence of the friendly agreement between Bullock and Lilly when the sale was made, converting the sale virtually into a mortgage, and Grayson’s subsequent assent thereto in his answer, that any credit can be given.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Ogden v. Saunders
25 U.S. 213 (Supreme Court, 1827)
Moore v. Miller
11 Ky. 356 (Court of Appeals of Kentucky, 1822)
Blair v. Williams
14 Ky. 34 (Court of Appeals of Kentucky, 1823)

Cite This Page — Counsel Stack

Bluebook (online)
23 Ky. 6, 7 T.B. Mon. 6, 1828 Ky. LEXIS 39, Counsel Stack Legal Research, https://law.counselstack.com/opinion/grayson-v-lilly-kyctapp-1828.