Arkansas Reports; Cases Determined in the Supreme Court of Arkansas Volume 12

Arkansas Reports; Cases Determined in the Supreme Court of Arkansas Volume 12

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1853 edition. Excerpt: ...except said assignment. At the same time he paid the costs due on said judgments, amounting to about $200, which, with interest on said sums to the time of answering, and additional costs in said cases, amounted to about $2,700. That he was induced to purchase said judgments, on information that complainants would not advance the money to pay them off, and release the mortgaged premises therefrom, with the view, by that means, of placing himself in a position, if a contingency happened, of saving himself from entire loss, on account of liabilities which he had incurred as one of De Baun's securities, which he was bound to pay, had actually assumed, and afterwards paid, amounting at the time to about 5$4,000---being De Baun's indebtedness to the State and Real Estate Banks, interest, costs, &c. That long before he purchased said judgments he was convinced that the means of De Baun were daily diminishing, from various causes, thereby rendering him unable to pay his debts; and on looking into the condition of the property embraced in the deed of trust above referred to, and the incumbrances upon it, he was satisfied that it would not indemnify the securities, wherefore he decided to take the best method he could to save himself, without prejudicing the rights of others. Respondent also purchased of Daniel Ringo a judgment obtained by him against De Baun, in Pulaski Circuit"Court--against De Baun &. Thorn, which, with interest and costs, at the time of answering, amounted to the sum of $2,200, making the aggregate of said three judgments about $4,900. That all his acts and intentions in relation to the purchase of said judgments were regular and fair, and not done w_ith any intention to hinder complainants in more

Product details

  • Paperback | 322 pages
  • 189 x 246 x 17mm | 576g
  • United States
  • English
  • black & white illustrations
  • 1236925432
  • 9781236925435