Russell v. . Nelson
New York Court of Appeals
Appeal from judgment of the General Term of the Supreme Court, in the first judicial department, entered upon an order made March 7, 1884, which modified and affirmed as modfied a judgment in favor of plaintiff entered upon the report of a eferee.
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Appeal from judgment of the General Term of the Supreme Court, in the first judicial department, entered upon an order made March 7, 1884, which modified and affirmed as modfied a judgment in favor of plaintiff entered upon the report of a eferee. This action was brought by plaintiff, as receiver of the Knickerbocker Life Insurance Company, to restrain defendant Johnson from delivering to defendant Nelson a satisfaction-piece, executed by said company, of a judgment held by it against said Nelson, and for a judgment directing the surrender to plaintiff of said satisfaction-piece, to be…
1Opinion of the CourtAndrews, J.
The purchase-price of the Saugerties property, the sale of which by the Knickerbocker Life Insurance Company to Nelson entered into the transaction of October 15, 1874, was fixed at $20,000, the approximate amount of the loan of $17,000, made by the company to Nelson upon the same property in 1871, with interest. The company had foreclosed the mortgage given upon that loan, and bought in the property for $7,000, and had a deficiency judgment against Nelson for $11,160.65. The original loan was represented in the company’s assets by the Saugerties property and the deficiency judgment. The…
2Cases cited1 opinion
- Gerwig v. . SitterlyNew York Court of Appeals · 1874
3Cited by4 opinions
- Rountree v. . BrinsonSupreme Court of North Carolina · 1887
- Kipp v. BowmanOhio Court of Appeals · 1935
- Reed v. FisherNebraska Supreme Court · 1912
- Chicago Lumber Co. v. BancroftNebraska Supreme Court · 1902