Lees v. Hobson
This text of 176 P. 196 (Lees v. Hobson) is published on Counsel Stack Legal Research, covering Oregon Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
“A mortgage is pro tanto a purchase, and the bona » fide mortgagee or assignee of the mortgage, without notice of a prior claim, is entitled to the same protection as a bona fide grantee without notice.”
The judgment in the former case, to which neither the plaintiff nor her assignor were parties, merely determined that as between the plaintiff and defendant therein, the plaintiff was entitled to the immediate possession of the building, or, if such possession could not be had, to its value as determined by the jury. This plaintiff’s paramount right was not in question, and could not be adjudicated. It follows that the trial court did not err in restraining defendants from removing the building and thereby impairing plaintiff’s security.
[251]*251The decree of tbe lower court will be modified by eliminating tbe restraining order so far as it relates to proceedings against tbe sureties upon tbe appeal bond, and in other respects it is affirmed.
Modified and Affirmed.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Cite This Page — Counsel Stack
176 P. 196, 90 Or. 248, 1918 Ore. LEXIS 202, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lees-v-hobson-or-1918.