Legal Opinion
Union Joint Stock Land Bank of Louisville v. Knox County
Court of Appeals of Tennessee
Decided March 28, 1936PublishedCited by 22 opinions
1Opinion of the CourtPortrum, J.
This is a suit by the bank to recover a deficiency-judgment in the sum of $3,480.47, representing the sum the security failed to realize at a foreclosure sale upon an original obligation of $11,500. A short time after the foreclosure of the farm securing this obligation, the bank resold the property for the sum of $11,500, and this sum was sufficient to cover the bank’s entire obligation, since the original sum had been reduced by payments upon the principal.
The complainant bank seeks in a court of equity a windfall in. the amount of $3,500; the bank’s legal right has been often recognized,…
2Cases cited5 opinions
- Monaghan v. MayAppellate Division of the Supreme Court of the State of New York · 1934
- Better Plan B. L. Assn. v. HoldenNew Jersey Court of Chancery · 1933
- Dry Dock Savings Institution v. Harriman Realty Corp.New York Supreme Court · 1934
- Chemical Bank and Trust Co. v. Adam Schumann Associates, Inc.New York Supreme Court · 1934
- Cooper v. KnightSupreme Court of Florida · 1934
3Cited by22 opinions
- Haynes v. Cumberland Builders, Inc.Court of Appeals of Tennessee · 1976
- Airline Construction, Inc. v. BarrCourt of Appeals of Tennessee · 1990
- State Ex Rel. Smith v. Livingston Limestone Co.Tennessee Supreme Court · 1977
- Duke v. DanielsCourt of Appeals of Tennessee · 1983
- Drannek Realty Co. v. Nathan Frank, Inc.Supreme Court of Missouri · 1940
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