Council v. Greensboro Joint Stock Land Bank

Upon tbe facts presented in tbe record on this appeal tbe judgment of nonsuit was properly entered. It is apparent tbat plaintiffs have ratified tbe foreclosure sale.

Where, at a foreclosure sale of land under a mortgage deed by a corporation, mortgagee, an officer of tbe corporation buys tbe property, tbe presumption is tbat be acts for tbe corporation, and tbat it is tbe pur chaser. Craft v. Assn., 127 N. C., 163, 37 S. E., 190; Shuford v. Bank, 207 N. C., 428, 177 S. E., 408.

The uniform decisions of this Court hold that: “Where a mortgagee • of land purchases at his own sale, directly or by…