Teitz v. Meano

The bill was filed for a deficiency on the sale of real estate under a bond and mortgage given by Meano. Harper was made a defendant because he subsequently became the purchaser of the mortgaged premises and in the deed undertook and assumed the payment of the mortgage.

The defenses were that the covenant was without consideration, and that as part of the transaction Harper's grantor had assumed and agreed to pay certain other mortgages on properties entering in by way of exchange for the mortgaged premises, and that on the facts no liability attached to Harper. A decree in accordance with the…