Legal Opinion

Bank of Luverne v. Turk

Supreme Court of Alabama

Decided October 23, 1930No. 3 Div. 917Published

1Opinion

On Rehearing.

FOSTER, J.

It is urged oh rehearing that we are disregarding the case of Bramlett v. Kyle, supra. But if we give full effect to the question there directly involved, it would not necessarily be conclusive in this ease. That was between a mortgagor and his mortgagee, and only indirectly affected creditors not parties. It did announce a doctrine of marshaling securities which was only incidentally involved by way of argument, and contrary to our judgment now entertained. However, the conclusion was not followed in principle in our more recent ease of Booker v. Booker, 220 Ala. 367,…

2Cases cited9 opinions

  1. Cochran v. MillerSupreme Court of Alabama · 1883
  2. Nolan v. NolanCalifornia Supreme Court · 1909
  3. Mitchelson v. SmithNebraska Supreme Court · 1890
  4. Mounce v. WightmanArizona Supreme Court · 1926
  5. Gusdorf & Co. v. Ikelheimer & Co.Supreme Court of Alabama · 1883

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