Arnold v. Gifford
Illinois Supreme Court
Appeal from the Circuit Court of Grundy County. This was a bill in chancery by Gifford, setting forth that Charles F. Washburn, being the owner of eighty acres of' land in Grundy County, and indebted to C. W. & E. E. ICnoblocks in about the sum of $900, conveyed the land to them as a security, taking back a bond for a reconveyance on payment of the debt; that being indebted to Turpin H. Arnold in the sum of $500, by an arrangement between Washburn, Arnold, and the…
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Appeal from the Circuit Court of Grundy County. This was a bill in chancery by Gifford, setting forth that Charles F. Washburn, being the owner of eighty acres of' land in Grundy County, and indebted to C. W. & E. E. ICnoblocks in about the sum of $900, conveyed the land to them as a security, taking back a bond for a reconveyance on payment of the debt; that being indebted to Turpin H. Arnold in the sum of $500, by an arrangement between Washburn, Arnold, and the ICnoblocks, Arnold paid the debt to ICnoblocks, and they conveyed the land to Mary J. Arnold, wife of Turpin H. Arnold, in…
1Opinion of the CourtJustice Thornton
The equity of redemption, which existed in the judgment debtor, was disposed of by him to hinder, delay, and defraud his creditors. The proof abundantly shows that he surrendered the defeasance for this purpose.
He then, on the 24th day of January, 1865—nearly one year after the surrender of the defeasance—executed his note to one Lyon, payable in twenty days, with a power of attorney attached thereto to confess judgment. Lyon assigned the note to the appellee; and judgment by confession was rendered on the 16th day of February, 1865.
The answer set up that this j udgment was not founded on any…
2Cases cited1 opinion
- Phillips v. DemossIllinois Supreme Court · 1853
3Cited by4 opinions
- Paddack v. StaleyColorado Court of Appeals · 1899
- Hallford v. BairstowAppellate Court of Illinois · 1940
- Paddack v. StaleyColorado Court of Appeals · 1899
- Thal v. LarmonUnited States Circuit Court · 1885