Ruckman v. Astor
This text of 2 Sarat. Ch. Sent. 20 (Ruckman v. Astor) is published on Counsel Stack Legal Research, covering New York Court of Chancery primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The chancellor decided in this case that the purchaser of mortgaged premises which are redeemed within the time limited by the act of 1837, is not entitled to the rents and profits received by him intermediate the sale and the time of redemption, in addition to his purchase money and ten per cent interest thereon; where the owner of the equity of redemption has neglected to give security to prevent such purchaser from taking possession.
That a sale or assignment of an equity redemption necessarily carries with it the right to an account for the rents and profits of the mortgaged premises, as an incident to the right of redemption.
Decree appealed from reversed and demurrer overruled.
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Cite This Page — Counsel Stack
2 Sarat. Ch. Sent. 20, 1842 N.Y. LEXIS 483, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ruckman-v-astor-nychanct-1842.