Shields v. Riopelle
Michigan Supreme Court
Error to superior court of Detroit. (Chipman, J.) Assumpsit for a deficiency on mortgage foreclosure. Defendant brings error. The facts are stated in the opinion.
1Opinion of the CourtSherwood, J.
In this case the defendant gave his note to the plaintiff on the sixteenth day of November, 1875, in the sum of §500, payable in three years from date, with interest, payable semi-annually, at 10 per cent., and at the same time gave plaintiff a mortgage upon real estate as collateral security for the payment of the note according to its terms.
Neither interest nor principal having been paid on the note or mortgage, the plaintiff filed his bill of complaint in the Wayne circuit court in chancery to foreclose the mortgage. The bill was taken as confessed, and such proceedings were thereafter had…
2Cases cited1 opinion
- Vermont Savings Bank v. ElliottMichigan Supreme Court · 1884
3Cited by8 opinions
- State ex rel. Horton v. DickinsonNebraska Supreme Court · 1902
- Steele v. BlissMichigan Supreme Court · 1912
- Morgan v. HoeyMichigan Supreme Court · 1920
- Union Guardian Trust Co. v. RoodMichigan Supreme Court · 1944
- Carney v. CarneyMichigan Supreme Court · 1917
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