Midland County Savings Bank v. T. C. Prouty Co.
Michigan Supreme Court
Appeal from Midland; Dodds, J. Bill by tbe Midland County Savings Bank against the T. C. Prouty Company, Limited, and tbe T. C. Prouty Company for tbe foreclosure of a land contract. From a decree for complainant, defendant partnership appeals.
1Opinion of the CourtOstrander, J.
Complainant holds the legal title to certain premises and is the assignee of'the former owner, the vendor in an executory contract for the sale of the premises to T. C. Prouty Company, a corporation. The T. C. Prouty Company, Limited, a partnership, is, it is claimed, the assignee of the vendee in the land contract. This fact would not relieve the corporation (Foley v. Dwyer, 122 Mich. 587 [81 N. W. 569]), nor create any liability to the complainant on the part of the assignee.
The land contract contains no provision for a forfeiture. *658It creates no lien for the unpaid purchase money, and no…
2Cases cited4 opinions
- Fitzhugh v. MaxwellMichigan Supreme Court · 1876
- Walker v. CasgrainMichigan Supreme Court · 1894
- Foley v. DwyerMichigan Supreme Court · 1900
- Gray v. HillMichigan Supreme Court · 1895
3Cited by5 opinions
- Alexander v. WingettMontana Supreme Court · 1922
- East Vedado Corp. v. E. S. Adkins & Co.Court of Appeals of Maryland · 1929
- Skinner v. ScholesNorth Dakota Supreme Court · 1930
- Harris v. BrownMichigan Supreme Court · 1912
- Southern Pacific Co. v. ButterfieldNevada Supreme Court · 1916