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Mortgages-Sale Under Trust Deed Mortgage For Inadequate Price-Effect Nov 1927

Mortgages-Sale Under Trust Deed Mortgage For Inadequate Price-Effect

Michigan Law Review

The defendant, administrator of the estate of the mortgagee, bought the mortgaged property at the foreclosure sale for one thousand dollars. He bought for himself and not for the estate. He sold the property to a third party for three thousand five hundred dollars. The plaintiff mortgagor brought this suit to compel the defendant to account for the two thousand five hundred dollar difference between the price he paid for the property, and the amount he received for it, allowing a credit for the amount still due on the plaintiff's note-two thousand dollars. Held, where, as in this case, …


Intoxicating Liquors-Rights Of Innocent Owner Under Statutory Forfeiture Of Automobile Apr 1927

Intoxicating Liquors-Rights Of Innocent Owner Under Statutory Forfeiture Of Automobile

Michigan Law Review

One Harve Townsend pleaded guilty to the charge of transporting intoxicating liquor in an automobile. A statute in South Dakota provided that in such cases the automobile or other vehicle used for such transportation should be forfeited, and, "unless good cause is shown to the contrary by the owner," it should be sold by the sheriff of the county and the funds paid to the county treasurer after the deduction of all expenses. The appellant had a valid chattel mortgage on said automobile, and claimed that it had a prior right to the proceeds of the sale of said automobile …


Recent Important Decisions Apr 1927

Recent Important Decisions

Michigan Law Review

A collection of recent important court decisions.