Thompson v. Sheets

Court of Appeals of Kentucky

Thompson v. Sheets

6 Ky. Op. 506, 1873 Ky. LEXIS 244

DecidedFebruary 24, 1873

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This text of 6 Ky. Op. 506 (Thompson v. Sheets) is published on Counsel Stack Legal Research, covering Court of Appeals of Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Thompson v. Sheets, 6 Ky. Op. 506, 1873 Ky. LEXIS 244 (Ky. Ct. App. 1873).

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Opinion

Opinion by

Judge Peters:

Hackworth surrendered1 the land to- be sold under the execution, which he might do1 although he had not the legal title, subject, however, to the lien of Osborne, his vendor, and when Sheets purchased he took the land subject to that lien. But does it follow that Thompson and Halbert, the sureties of Hackworth in the sale bonds to Osborne for the unpaid purchase price, by discharging the debt, can be substituted to the lien of Osborne, the vendor, to defeat the claim of Sheets, which is prior in date to their undertaking to pay Osborne’s demand ?

In Patterson v. Pope, 5 Dana 241, this court said: “We have seen no case in which it has been decided, either in terms or in effect, that a surety, becoming so by entering into an obligation taken in [507]*507the prosecution of the ordinary coercive remedies against the person of the debtor, can, by paying the debt, acquire such an interest in the mortgage or other lien of the creditor as will enable him to displace any pre-existing, specific interest in the mortgaged property, derived from the debtor after the date of the mortgage.” The sureties would be substituted to the rights of the vendor so far as. to have a preference over general creditors. But it is different as to a pre-existing specific interest in the property acquired for a valuable consideration, because it ceased to be the property of the debtor before the surety became bound.

Throop, for appellants. Phister, for appellee.

But there is an additional reason for sustaining the judgment of the court below. The sureties in the sale bonds took a mortgage on the property of the debtor, including two horses and other personal property, and when the commissioner, appointed under a judgment foreclosing the mortgage to sell .the property, went to execute the judgment the two horses were produced, and their sale was postponed at the request of appellants, and by the interposition of one of them the commissioner was prevented from taking them into possession, and before the next sale day the debtor had departed, taking the horses with him, when from the evidence as to the value of the horses, if appellants had not postponed the sale they would have sold for enough, or very nearly enough, to have indemnified them.

In either aspect of the case it seem's to us that the judgment is right and must be affirmed.

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Opinion by

Judge Peters:

Hackworth surrendered1 the land to- be sold under the execution, which he might do1 although he had not the legal title, subject, however, to the lien of Osborne, his vendor, and when Sheets purchased he took the land subject to that lien. But does it follow that Thompson and Halbert, the sureties of Hackworth in the sale bonds to Osborne for the unpaid purchase price, by discharging the debt, can be substituted to the lien of Osborne, the vendor, to defeat the claim of Sheets, which is prior in date to their undertaking to pay Osborne’s demand ?

In Patterson v. Pope, 5 Dana 241, this court said: “We have seen no case in which it has been decided, either in terms or in effect, that a surety, becoming so by entering into an obligation taken in [507]*507the prosecution of the ordinary coercive remedies against the person of the debtor, can, by paying the debt, acquire such an interest in the mortgage or other lien of the creditor as will enable him to displace any pre-existing, specific interest in the mortgaged property, derived from the debtor after the date of the mortgage.” The sureties would be substituted to the rights of the vendor so far as. to have a preference over general creditors. But it is different as to a pre-existing specific interest in the property acquired for a valuable consideration, because it ceased to be the property of the debtor before the surety became bound.

Throop, for appellants. Phister, for appellee.

But there is an additional reason for sustaining the judgment of the court below. The sureties in the sale bonds took a mortgage on the property of the debtor, including two horses and other personal property, and when the commissioner, appointed under a judgment foreclosing the mortgage to sell .the property, went to execute the judgment the two horses were produced, and their sale was postponed at the request of appellants, and by the interposition of one of them the commissioner was prevented from taking them into possession, and before the next sale day the debtor had departed, taking the horses with him, when from the evidence as to the value of the horses, if appellants had not postponed the sale they would have sold for enough, or very nearly enough, to have indemnified them.

In either aspect of the case it seem's to us that the judgment is right and must be affirmed.

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6 Ky. Op. 506, 1873 Ky. LEXIS 244, Counsel Stack Legal Research, https://law.counselstack.com/opinion/thompson-v-sheets-kyctapp-1873.

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