Minnesota Reports (Volume 36) (Paperback)


Book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1887. Excerpt: ... Caroline M. King Vs. Philo Remington and others. William 8. King Vs. Philo Remington and others. October 9, 1886. Conveyance to Creditor as Security, held to create a Trust--Disability of Trustee to Purchase such or other Property at Judgment, Mortgage, or Bankruptcy Sale.-- K. owned a large quantity ol real estate, and was largely indebted beyond his ability to pay at once without sacrificing the real estate. His wife also owned a large amount of real estate. June 15, 1875, the two conveyed the greater part of their real estate to R. by deeds absolute in terms. At the same time K. and R. executed an agreement in writing, acknowledging the conveyances to have been made as security for advances to K., made and to be made by R., and containing provisions in respect to future advances of money and credit, which R. covenanted to make, from which the purpose of the transaction appears to have been to enable K., by means of the advances so to be made, to pay off his debts, and save so much of his property as might remain after disposing of enough to reimburse R. for all advances made and to be made, and interest and expenses. The contract gave to R. peculiar powers with respect to the holding and disposition of the lands conveyed. Held, that this created such a relation of trust and confidence between the parties as disabled R. to purchase under judgments or mortgages, or bankruptcy proceedings, and bold against K., and for his own benefit, property of K., whether included in the deeds executed as security or not. Bankruptcy--Interest of Bankrupt after Assignment.--A bankrupt's interest in his estate is not extinguished by the assignment in the bankruptcy proceedings to the assignee in bankruptcy. Same--Bankrupt's Interest in Real Estate.--In respect to real estate, the interest remaining...

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Book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1887. Excerpt: ... Caroline M. King Vs. Philo Remington and others. William 8. King Vs. Philo Remington and others. October 9, 1886. Conveyance to Creditor as Security, held to create a Trust--Disability of Trustee to Purchase such or other Property at Judgment, Mortgage, or Bankruptcy Sale.-- K. owned a large quantity ol real estate, and was largely indebted beyond his ability to pay at once without sacrificing the real estate. His wife also owned a large amount of real estate. June 15, 1875, the two conveyed the greater part of their real estate to R. by deeds absolute in terms. At the same time K. and R. executed an agreement in writing, acknowledging the conveyances to have been made as security for advances to K., made and to be made by R., and containing provisions in respect to future advances of money and credit, which R. covenanted to make, from which the purpose of the transaction appears to have been to enable K., by means of the advances so to be made, to pay off his debts, and save so much of his property as might remain after disposing of enough to reimburse R. for all advances made and to be made, and interest and expenses. The contract gave to R. peculiar powers with respect to the holding and disposition of the lands conveyed. Held, that this created such a relation of trust and confidence between the parties as disabled R. to purchase under judgments or mortgages, or bankruptcy proceedings, and bold against K., and for his own benefit, property of K., whether included in the deeds executed as security or not. Bankruptcy--Interest of Bankrupt after Assignment.--A bankrupt's interest in his estate is not extinguished by the assignment in the bankruptcy proceedings to the assignee in bankruptcy. Same--Bankrupt's Interest in Real Estate.--In respect to real estate, the interest remaining...

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Product Details

General

Imprint

General Books LLC

Country of origin

United States

Release date

2012

Availability

Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.

First published

2012

Authors

Dimensions

246 x 189 x 12mm (L x W x T)

Format

Paperback - Trade

Pages

220

ISBN-13

978-1-154-28097-5

Barcode

9781154280975

Categories

LSN

1-154-28097-7



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