Westgrove Savings Bank v. Osa Dunlavy
Supreme Court of Iowa
Appeal from, Davis District Court. — C. W. Vermilion, Judge. Action in equity, in which plaintiff seeks to have the rights and priorities of the parties in and to the proceeds of a sale de- • termined. The trial court held that the Steekels, interveners, had no lien on the.funds. The decree gave A. J. Bond priority on the proceeds of sale for the amount of his debt, and also the unpaid debt of the Moulton Bank against P. C. Bond.
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Appeal from, Davis District Court. — C. W. Vermilion, Judge. Action in equity, in which plaintiff seeks to have the rights and priorities of the parties in and to the proceeds of a sale de- • termined. The trial court held that the Steekels, interveners, had no lien on the.funds. The decree gave A. J. Bond priority on the proceeds of sale for the amount of his debt, and also the unpaid debt of the Moulton Bank against P. C. Bond. P. C. Bond was given the proceeds of sale of the exempt property and priority thereto as against plaintiff bank. The amounts of the debts of P. C. and A. J. Bond,…
1Opinion of the CourtPreston, J.
— P. C. Bond, son of A. J. Bond, was living on a farm which he had rented from Steckel & Son, and from his father. He had become, indebted to the Moulton State Savings Bank, which, wishing to have security for the indebtedness, asked the father to sign the notes, and talked about a mortgage on the live stock, by P. C. and wife. After some negotiations, the father, A. J., proposed to his son that he would sign, as surety, for the amount due the bank, which was $4,300, if the son would give him a mortgage, as security as such surety, and for an indebtedness to the father from the son of $1,200,…
2Cases cited9 opinions
- Cassidy v. WoodwardSupreme Court of Iowa · 1889
- Meeker v. WaldronNebraska Supreme Court · 1901
- Warren v. His CreditorsWashington Supreme Court · 1891
- Bigelow v. CapenMassachusetts Supreme Judicial Court · 1887
- Magirl v. MagirlSupreme Court of Iowa · 1893
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3Cited by5 opinions
- Meyer v. United StatesSupreme Court of the United States · 1963
- Farmers Savings Bank v. CashSupreme Court of Iowa · 1924
- O'Day v. O'DaySupreme Court of Iowa · 1940
- Meyer v. United StatesSupreme Court of the United States · 1963
- Whittier National Trust & Savings Bank v. SmithSupreme Court of Iowa · 1932