Opinion · Supreme Court of North Carolina

john.W. Ellis v. . Samuel Hussey

john.W. Ellis v. . Samuel Hussey, 66 N.C. 501 (N.C. 1872)

Type
Opinion
Court
Supreme Court of North Carolina
Jurisdiction
North Carolina
Date
1872-01-05
Topic
general

RodmAN, J. A vendor who contracts to convey on payment of the purchase money may be considered as between the parties a mortgagee. It has always been held that a mortgagee has two remedies which he may prosecute at the same time, one in personam for his debt, the other in ram to subject the mortgaged property, and it never was supposed that a resort to the first waived the second, or that after a sale of the mortgaged property, he could not resort to the first for any unpaid residue. 2 Story Eq., Jur. 1007, 1034, 1035, c. 9th edition, citing Thurber v. Jewett, 295. It is true, that the plaintiff in this case could, in án action seeking a sale of the property which be held substantially as mortgagee, have obtained a judgment for the sale of the property, and that if the property brought less than the debt, he could have execution against the debtor for the residue.

Citator

UpLaw has not yet analyzed john.W. Ellis v. . Samuel Hussey. The absence of a flag is not a finding that it is good law.

Cited by
14 opinions