Ransier v. Vanorsdol
Supreme Court of Iowa
Appeal from Buchanan Circuit Cov/rt. The plaintiff alleges that he is the absolute owner of one bay mare, of the value of one hundred and twenty-five dollars, and one two-seated sleigh, of the value of sixty dollars; that said property was taken by Yanorsdol, sheriff, under' a bill of sale executed by plaintiff to Shadbolt & Boyd, to secure the payment for goods for which plaintiff might become indebted during the year 1876, in the nominal sum of one thousand dollars; that…
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Appeal from Buchanan Circuit Cov/rt. The plaintiff alleges that he is the absolute owner of one bay mare, of the value of one hundred and twenty-five dollars, and one two-seated sleigh, of the value of sixty dollars; that said property was taken by Yanorsdol, sheriff, under' a bill of sale executed by plaintiff to Shadbolt & Boyd, to secure the payment for goods for which plaintiff might become indebted during the year 1876, in the nominal sum of one thousand dollars; that the debt for which said bill of sale was given as security was fully paid before the property was taken. The plaintiff…
1Opinion of the CourtDav, J.
I. The bill of sale was executed in consideration of one thousand dollars. The court found as a fact that J. C. Ransier was indebted to Shadbolt & Boyd more than one thousand dollars, which indebtedness is not fully paid; that the bill of sale was intended as a mortgage to secure said indebtedness, and that there has been paid on the debt secured by the bill of sale the sum of one thousand and seventy dol*133lars. The appellant concedes that if one thousand and seventy dollars has been paid on the debt secured by the bill of sale, the security should be discharged. But it is claimed that this…
2Cited by3 opinions
- Hollingsworth v. HolbrookSupreme Court of Iowa · 1890
- McNertney v. KahlerSupreme Court of Iowa · 2006
- Donald Mcnertney, As Of The Estate Of Harold J. Mcnertney, Vs. Thomas Kahler, Charles Mcnertney, Intervenor-appellee.Supreme Court of Iowa · 2006