Stockton v. Ford

52 U.S. 232, 13 L. Ed. 676, 11 How. 232, 1850 U.S. LEXIS 1506
CourtSupreme Court of the United States
DecidedJanuary 23, 1851
StatusPublished
Cited by51 cases

This text of 52 U.S. 232 (Stockton v. Ford) is published on Counsel Stack Legal Research, covering Supreme Court of the United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Stockton v. Ford, 52 U.S. 232, 13 L. Ed. 676, 11 How. 232, 1850 U.S. LEXIS 1506 (1851).

Opinion

Mr. Justice NELSON

delivered the opinion of the court.

This is an appeal from the Circuit Court of the United States held in and for the District of Louisiana.

The action was commenced in a District Court of the State, and was removed by the defendant to the Circuit Court of the United States, under the twelfth section of the Judiciary Act of 1789.

James C. Ford, the defendant, being the owner of a planta- . tion and slaves in the parish of Carroll, State of Louisiana, on the 11th of March, 1835', sold and transferred the same to Nicholas W. Ford, of Louisville, Kentucky, for the consideration of $ 80,000 the payment of which was secured by a mortgage upon the property sold. A subsequent mortgage was also given by N. W. Ford and wife, dated the 10th of June, 1837, to the defendant, to secure him against several heavjr liabilities he was under for him, and in which mortgage was included some $ 32,000 of the original purchase-money then remaining unpaid.

*243 On the 26th of November, 1839, N. W. Ford sold and transferred all his interest and estate in the plantation and slaves to William Ford, Jr., for the consideration of $ 116,207.41, to secure the payment of which, the property sold was mortgaged by the vendee.

On the 12th of May, 1841', William Ford, Jr., resold and conveyed back to Nicholas W. Ford the plantation and slaves, for the same consideration which he had agreed to pay for' them, and which was paid by delivering up and cancelling the securities given at the original purchase.

And on the same 12th of May, 1841, Nicholas sold and transferred the plantation and slaves back to the defendant, from whom he had originally purchased them, for a large consideration, made up of a balance remaining due upon the first mortgage and liabilities he was under for Nicholas, and the payment of which he had assumed.

The interest and estate of the defendant in this plantation and slaves, under the title thus derived, are involved in the re-. suit of this suit. I have not gone into the particular facts and circumstances attending these several sales and transfers of the property, as the view we have taken of the case, and upon which we shall place our decision, renders it unnecessary to a proper understanding of the Question.

The claim of Stockton, the plaintiff, is as follows.

On the 3d of December, 1839, one William B. Pryor recovered a judgment in the Commercial Court óf New Orleans against N. & E. Ford & Co., of which Nicholas W. Ford was a member, for ¡§ 7,442.74, with interest at five per cént. from the 4th of December, 1837, and costs.

On the 2d of January, 1841, this judgment was filed and re-, corded in the office of the registry of mortgages, and became a lien on the real estate, and other immovable property .of Nicholas W. Ford. And on the 7th of February, 1842, the firm of Way & Bainbridge recovered a judgment against William B. Pryor for $ 718.12, with five per cent, interest from the 22d of April, 1837, and costs. An! execution upon this judgment against Pryor was issued to the sheriff on the 26th of February, 1842, who seized all his interest in the judgment he had recovered against N. W. Ford] and, on the 17th of March following, in pursuance of such seizure, and after public notice-according to law, sold the said judgment to Stockton, the plaintiff in this suit, for $ 300, he being the highest bidder; and on the 19th of April conveyed the same to him by deed.

The suit before us was instituted by the plaintiff, under a title thus derived to this judicial mortgage, for the purpose of foreclosing the same, and calling upon James C. Ford, the *244 defendant, to pay the amount of. the judgment, principal and interest, or that a sale of the mortgaged premises be ordered.

It-will be seen from the foregoing statement that the sale ■ and transfer of the plantation and slaves in question by N. W. Ford to William Ford, Jr. took place on the 26th of November, 1839, and the judgment of Prior against him \4as filed with the recorder of mortgages on the 2d of January, 1841, although recovered on the 3d of December, 1839, some seven days after the above conveyance. '

It further' appears, also, that on the 12th of May, 1841, William Ford, Jr. resold and transferred the, property to N. W, Ford, who, on the same day, conveyed it to the defendant.

The plaintiff insists, therefore, that this judicial mortgage of Pryor against N. W. Ford, to which he had derived title under the sheriff’s sale, became a lien upon the property; — 1st. On the ground that the conveyance of the 26th of November, 1839, was made in fraud of the rights of judgment creditors; but, if not, 2d. That it became a lien from the time of the reconveyance to N. W. Ford, on the 12th of May, 1841, as he then became reinvested with the title.

The view we have taken of the case renders it unimportant to enter upon an examination of either of these questions; and' we shall assume that the judgment was a lien upon the interest of N..W. Ford upon one or the other of the grounds above stated.

On the 12th of March, 1840, William B. Pryor assigned this judgment against N. W.. Ford to Dr. Jones, to secure him for responsibilities he had assumed for the former, he agreeing to pay over the balance, if any remained after satisfying them. Dr. Jones is a witness in the case, and testifies that the judgment was assigned to him by Pryor as an indemnity for large sums of money which he had paid and was liable to pay for him as surety ;' and that he had paid for him demands exceeding the amount of the said judgment for which he had no other satisfaction or security. That Pryor took the benefit of the bankrupt act of 1841. That soon after the assignment of • the judgment to him he placed on file in the office where the judgment was entered notice of the said assignment; and that the plaintiff had full knowledge of the fact.,

These facts are confirmed by the testimony of Pryor, who is also a witness in the case.

The suit was not commenced by Way & Bainbridge agamst Pryor until the 15th of January, 1842, nearly two years after this assignment of judgment of Pryor against N. W. Ford to Jones. The assignment., as we have seen, was made upon full consideration, without any concealment, or, for aught that ap *245 pears, intent to hinder or delay creditors ; and was well known to the plaintiff long before he became the purchaser at the sheriff’s sale. It passed the legal interest in the judicial mortgage out of Pryor, and vested it in Jones, as early as the 12th of March, 1840; and we are wholly unable to perceive any ground of equity in the plaintiff, or those.under whom he holds, for disturbing it through a judgment against the assignor rendered nearly two years afterwards.

The sheriff’s. sale, therefore, could not operate to pass any interest in it to the plaintiff.

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

Related

Kurlander v. Kaplan
M.D. Florida, 2019
Richard Plein, Et Ano, Resps v. Usaa Casualty Ins Co., Pet
445 P.3d 574 (Court of Appeals of Washington, 2019)
Kirschner v. K & L Gates LLP
46 A.3d 737 (Supreme Court of Pennsylvania, 2012)
Ehrman v. Kaufman, Vidal, Hileman & Ramlow, PC
2010 MT 284 (Montana Supreme Court, 2010)
Alpert, Goldberg v. Quinn
983 A.2d 604 (New Jersey Superior Court App Division, 2009)
Estate of Spencer v. Gavin
946 A.2d 1051 (New Jersey Superior Court App Division, 2008)
Estate of Watkins v. Hedman, Hileman & Lacosta
2004 MT 143 (Montana Supreme Court, 2004)
New York State Bar Ass'n v. Federal Trade Commission
276 F. Supp. 2d 110 (District of Columbia, 2003)
Kamaratos v. Palias
821 A.2d 531 (New Jersey Superior Court App Division, 2003)
Robert A. McClure v. Frank Thompson
323 F.3d 1233 (Ninth Circuit, 2003)
In re Morell Corrada
158 P.R. Dec. 791 (Supreme Court of Puerto Rico, 2003)
In Re: Marcos Morell Corradajose Alcover Garcia
2003 TSPR 34 (Supreme Court of Puerto Rico, 2003)
State ex rel. S.G.
814 A.2d 612 (Supreme Court of New Jersey, 2003)
Diversified Group, Inc. v. Daugerdas
139 F. Supp. 2d 445 (S.D. New York, 2001)
Gmerek v. State Ethics Commission
751 A.2d 1241 (Commonwealth Court of Pennsylvania, 2000)
In re Condemnation of Lands Situate and Being in the City of Scranton
46 Pa. D. & C.4th 66 (Lackawanna County Court of Common Pleas, 1998)
Schwarz v. Frost
40 Pa. D. & C.4th 364 (Philadelphia County Court of Common Pleas, 1998)
Tyler v. O'NEILL
994 F. Supp. 603 (E.D. Pennsylvania, 1998)
Prudential Insurance Co. of America v. Stella
994 F. Supp. 318 (E.D. Pennsylvania, 1998)

Cite This Page — Counsel Stack

Bluebook (online)
52 U.S. 232, 13 L. Ed. 676, 11 How. 232, 1850 U.S. LEXIS 1506, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stockton-v-ford-scotus-1851.