Successions of Hood
Supreme Court of Louisiana
APPEAL from the Second District Court, parish of Orleans. Kssoi, J. First — Property of a succession soid, even to pay debts, must, at the first offering, bring the appraised value in the inventory. Second — Property oí a succession, sold on the application oí the administrator, should be offered for cash at tho first offering, and if it does not bring the appraised value in the inventory, must be re-offered, in accordance with O. P. Art. 990, on twelve months’ credit.
Read the full summary
APPEAL from the Second District Court, parish of Orleans. Kssoi, J. First — Property of a succession soid, even to pay debts, must, at the first offering, bring the appraised value in the inventory. Second — Property oí a succession, sold on the application oí the administrator, should be offered for cash at tho first offering, and if it does not bring the appraised value in the inventory, must be re-offered, in accordance with O. P. Art. 990, on twelve months’ credit. Third — A sale of succession property to pay debts, made at the instance of the administrator, cannot he made on credit, even…
1Opinion of the Court
The opinion of the Court was delivered by
Bermudez, C. J.
On the application of the administrator of these successions, the only piece of real estate belonging thereto was ordered to be sold.
It was mortgaged to secure $23,200. It had been appraised in the inventory at $15,000. Two days before the sale it was ordered to be reappraised, and it was valued at $12,000. With the consent of the mortgage creditors, who had pressed payment, it was ordered to be sold pare cash, part on credit. On the day of sale it was bid off to the highest and last bidder for $12,500; but the adjudicatee refused to…
2Cases cited1 opinion
- Camp v. PulverNew York Supreme Court · 1848
3Cited by10 opinions
- Thibodeaux v. ThibodeauxSupreme Court of Louisiana · 1904
- Lacroix v. CraneSupreme Court of Louisiana · 1913
- Smith v. Krause & Managan Lumber Co.Supreme Court of Louisiana · 1910
- Arceneaux v. CormierSupreme Court of Louisiana · 1932
- Huckaby v. HuckabySupreme Court of Louisiana · 1913
5 more not listed; retrieve them via the Exa API.