Stevens Institute of Technology v. Sheridan

New Jersey Court of Chancery

Stevens Institute of Technology v. Sheridan

30 N.J. Eq. 23

DecidedOctober 15, 1878

StatusPublished

This text of 30 N.J. Eq. 23 (Stevens Institute of Technology v. Sheridan) is published on Counsel Stack Legal Research, covering New Jersey Court of Chancery primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Stevens Institute of Technology v. Sheridan, 30 N.J. Eq. 23 (N.J. Ct. App. 1878).

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Opinion

The Chancellor.

The only question which appears to be raised by the pleadings is, whether Michael Eorestil is liable for deficiency on an assumption contained in the deed of conveyance to him, from his father, John Forestil, for the mortgaged premises. The latter bought the property from Sheridan, the mortgagor. The deed to him contains an assumption, by him, of the mortgage. The evidence is clear that the assumption in the deed to Michael Eorestil was inserted without the knowledge of either the grantor or the grantee; that its appearance in the deed is due to the circumstance that the deed was copied, by a scrivener, from the deed from Sheridan to John Forestil. Both John and Michael Forestil swear that they never knew, until after this suit was brought, that there was a clause of assumption in either of the deeds; that there was no agreement or understanding between them that Michael should assume the payment of the mortgage ; and that there was no intention that he should do so. The evidence would be sufficient, in a suit between Michael and. his father for the reformation of the deed by striking out the agreement of assumption, to warrant such relief.

The prayer for a personal decree for deficiency against Michael Eorestil will be denied, (Bull v. Titsworth, 2 & Stew. 73,) but without costs.

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The Chancellor.

The only question which appears to be raised by the pleadings is, whether Michael Eorestil is liable for deficiency on an assumption contained in the deed of conveyance to him, from his father, John Forestil, for the mortgaged premises. The latter bought the property from Sheridan, the mortgagor. The deed to him contains an assumption, by him, of the mortgage. The evidence is clear that the assumption in the deed to Michael Eorestil was inserted without the knowledge of either the grantor or the grantee; that its appearance in the deed is due to the circumstance that the deed was copied, by a scrivener, from the deed from Sheridan to John Forestil. Both John and Michael Forestil swear that they never knew, until after this suit was brought, that there was a clause of assumption in either of the deeds; that there was no agreement or understanding between them that Michael should assume the payment of the mortgage ; and that there was no intention that he should do so. The evidence would be sufficient, in a suit between Michael and. his father for the reformation of the deed by striking out the agreement of assumption, to warrant such relief.

The prayer for a personal decree for deficiency against Michael Eorestil will be denied, (Bull v. Titsworth, 2 & Stew. 73,) but without costs.

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Bluebook (online)

30 N.J. Eq. 23, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stevens-institute-of-technology-v-sheridan-njch-1878.