Rodgers v. Robson
This text of 111 N.W. 193 (Rodgers v. Robson) is published on Counsel Stack Legal Research, covering Michigan Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
(after stating the facts).
[658]*658“No suit or proceeding shall be maintained to foreclose a mortgage on real estate, either at law or in equity, unless commenced within fifteen years from and after such mortgage shall be due and payable, or within fifteen years after the last payment was made on said mortgage.”
Payment implies that the payor has parted with money or other valuable thing, and that the payee has received it in part liquidation of the debt. It is not indorsement that satisfies the statute. It is actual payment. Otherwise it would be an easy matter for a payee to avoid the statute. An agreement to forbear a part or whole of the debt without any consideration is void. The mortgagor in this case paid nothing. The mortgagee received nothing. It would be a misnomer to call such a transaction a payment within the meaning of the statute. Blanchard v. Blanchard, 122 Mass. 558; Erpelding v. Ludwig, 39 Minn. 518; Young v. Alford, 113 N. C. 130; Areaux v. Mayeux, 23 La. Ann. 172; 19 Am. & Eng. Enc. Law (2d Ed.), p. 326.
Whether the running of the statute can be interrupted fdr any cause other than payment — queere. As it is not necessary to the determination of the case, we do not decide the question.
Decree affirmed, with costs.
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Cite This Page — Counsel Stack
111 N.W. 193, 147 Mich. 656, 1907 Mich. LEXIS 971, Counsel Stack Legal Research, https://law.counselstack.com/opinion/rodgers-v-robson-mich-1907.