Carter v. McGehee
District Court, W.D. North Carolina
On the 7th day of October, 1875, H. J. Mc-Gehee and others endorsed for Wm. P. Reynolds a note to the Planters’ Bank of Danville for the sum of six thousand seven hundred and fifty dollars. On the same day McGehee took from Reynolds an assignment of a bond for title to a tract of land in Stokes county, in said district, which assignment was made to indemnify McGehee and the other sureties against loss upon the said note.
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On the 7th day of October, 1875, H. J. Mc-Gehee and others endorsed for Wm. P. Reynolds a note to the Planters’ Bank of Danville for the sum of six thousand seven hundred and fifty dollars. On the same day McGehee took from Reynolds an assignment of a bond for title to a tract of land in Stokes county, in said district, which assignment was made to indemnify McGehee and the other sureties against loss upon the said note. The tract of land in Stokes county was valued at about eighteen hundred dollars, and there remained unpaid of the purchase money about one hundred dollars. At the same time…
1Opinion of the Court
DICIC, District Judge.
This is a controversy between judgment lien creditors and the sureties of a bankrupt, claiming under prior *616assignments, executed by way of indemnity for their suretyship. The judgment creditors by docketing their judgments on the 25th and 26th days of November, 1875, acquired liens on all of the real property of the bankrupt situate in the counties where their judgments were docketed, whether the said property was or was not liable to sale under execution; but their liens were subject to all prior or superior equities, and to all subsequent paramount claims. Hoppock v.…
2Cases cited10 opinions
- Edwards v. . ThompsonSupreme Court of North Carolina · 1874
- Murchison v. . WilliamsSupreme Court of North Carolina · 1874
- Hicks v. . SkinnerSupreme Court of North Carolina · 1874
- Derr v. . DellingerSupreme Court of North Carolina · 1876
- Evans Ad'm'r v. . SingletarySupreme Court of North Carolina · 1869
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