People's Savings Bank & Building Ass'n v. Collins
Supreme Court of Connecticut
Petition for a foreclosure. The respondent was the purchaser of the equity of redemption in the mortgaged premises from Smith Collins the original mortgagor. The mortgage was given to secure the following note; the mortgagor having received at the time a loan of that amount from the petitioners.
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Petition for a foreclosure. The respondent was the purchaser of the equity of redemption in the mortgaged premises from Smith Collins the original mortgagor. The mortgage was given to secure the following note; the mortgagor having received at the time a loan of that amount from the petitioners. “ New Haven, August 31,1853. On demand, for value received, I promise to pay the People’s Savings Bank and Building Association of New Haven, or order, two thousand dollars, with interest, and a bonus of three-fourths (£-) of one per cent, per month, in addition to the interest; both interest and…
1Opinion of the CourtEllsworth, J.
After the argument, we postponed the decision of this case until we should hear the case of West Winsted Savings and Building Association v. Ford, at Litchfield, which involved the principal questions presented by this case, and was to be argued during the present circuit.* That case we have now heard and decided; and as our reasons are fully given in that decision, and are in the main applicable here, we will not repeat them.
It is true that the respondent here is not a stockholder as was Mr. Ford there ; but, in our view, he stands on no better ground for that reason, so far as it respects…
2Cases cited5 opinions
- Green v. KempMassachusetts Supreme Judicial Court · 1816
- Morris v. FloydNew York Supreme Court · 1849
- Inhabitants of Reading v. Inhabitants of WestonSupreme Court of Connecticut · 1829
- Waterman v. CurtisSupreme Court of Connecticut · 1857
- Schermerhorn v. American Life Insurance & Trust Co.New York Supreme Court · 1852
3Cited by5 opinions
- Comstock v. SmithMichigan Supreme Court · 1873
- Snyder v. StudebakerIndiana Supreme Court · 1862
- Frost v. Pacific Savings Co.Oregon Supreme Court · 1902
- Universal Trust Co. v. Boehanski, New York County Courts1912
- Windsor Locks Building and Loan Assoc. v. ButlerConnecticut Superior Court · 1938