Landrum v. Union Bank
Supreme Court of Missouri
Appeal from Livingston Circuit Court. I. The deed from Krum as trustee is void. The sale was made in Chillicothe, and Krum, at the time of the sale, was in St. Louis. (Graham vs. King, 50 Mo. 24; Bales vs. Perry, 51 Id. 452.) II. Under the agreement of Hutchinson & Irelan, the purchase by the bank, at the sale under the Krum-Stagg deed of trust, would hare been voidable even if Krum had been present at the sale. III.
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Appeal from Livingston Circuit Court. I. The deed from Krum as trustee is void. The sale was made in Chillicothe, and Krum, at the time of the sale, was in St. Louis. (Graham vs. King, 50 Mo. 24; Bales vs. Perry, 51 Id. 452.) II. Under the agreement of Hutchinson & Irelan, the purchase by the bank, at the sale under the Krum-Stagg deed of trust, would hare been voidable even if Krum had been present at the sale. III. Notwithstanding the agreement with Irelan, the hank suffered the property to be sold in August, 1861, four months after-wards, for between $2,200 and $2,400 although at the time…
1Opinion of the CourtWagner, Judge
From the record it appears substantially that on the 28 th of June, 1860, Lambert Irelan, being the owner of lot seven (7) in block thirty-three (33) in Chillicothe, on which was situated the hotel building known as the Craig House, or Harry’s Hotel, conveyed the same to John M. Krum, of St. Louis, in trust to secure the payment to Henry Stagg of the sums of money specified in seven promissory notes of that date, one of which was for the sum of two thousand dollars, payable three years after its date, and six of them were for one hundred dollars each, interest on the principal note, and…
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