Opinion · Supreme Court of North Carolina

Knight v. . Leak

19 N.C. 133

Type
Opinion
Court
Supreme Court of North Carolina
Jurisdiction
North Carolina
Date
1836-12-05
Topic
general

Gaston, Judge, after stating the case as above, proceeded : — Doubts have recently been entertained and expressed, whether a remainder in a chattel, can be sold on a fi. fa. These doubts arise because of the difficulty of making such a seizure of interests of-this kind, as the law requires of sheriffs, in a levy of personal property, consistently with the right of possession in the present holder ; and because of the necessity of actually exhibiting, at the time of sale, the chattel which is offered, or any interest in which is offered by the sheriff for sale. They are rendered *135 more imposing, by a consideration of the sacrifices, almost unavoidable, in a sale of the right to a future enjoyment of a chattel, not only perishable in its nature, but so liable to be eloigned before the period of enjoyment arrives. These last suggestions would, no doubt, have great weight in interpreting the enactments of our act of 1812, (Rev. c. 830,) in relation to the sale, under execution, of equitable interests, where the words of the statute do not clearly embrace them. But we believe that the rule of law is, that all vested legal interests of the debtor, which he himself can legally sell, in things which are themselves liable to be sold, under a fi. fa., may also be so sold.

Citator

UpLaw has not yet analyzed Knight v. . Leak. The absence of a flag is not a finding that it is good law.

Cited by
5 opinions