Nebraska Reports Volume 76

Nebraska Reports Volume 76

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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. 1908 edition. Excerpt: ...to deny that the elder Ritchey received the money. There-fore, so far as the $4,000 of the consideration paid to the father for the 240 acres of land is concerned, the question must be determined upon the bona fides of 'Edward's title to the Walters land, which, as above shown, is established. Neither can there be any contention as to the mortgage of $2,600 assumed by Edward, nor as to the note for $800 given by him to his father as a part of the consideration. We can say nothing as to the balance of the consideration paid in addition to what has been said by this court in the opinion reported ante, p. 427. In March, 1896, John T. Ritchey sold his onehalf interest in the Hayes county ranch to Goodrich, who assumed the mortgage, and, even though it was known to Ritchey in March. 1897, that Goodrich was insolvent, it does not appear that John T. Ritchey had any reason to appre hend that a deficiency judgment for any considerable sum would be rendered against him in the future. The Hayes county ranch consisted of 800 acres, which John T. Ritchey considered worth $4,000. The mortgage indebtedness amounted to $2,650, with interest. The appraised value of the land was $2,000. From this it does not seem that, on the date of the. deed herein assailed as fraudulent, John T. Ritchey could have penetrated the future and foreseen a deficiency judgment of $2,050. His subsequent conduct does not indicate that he was attempting to conceal his property from his creditors. After the sale of the laud to his son, he continued in the grain and stock business, and built an elevator which he sold for $1,750 two years later. As to one small item going to make up the consideration alleged to have been paid for the land, we are convinced that the testimony...show more

Product details

  • Paperback | 286 pages
  • 189 x 246 x 15mm | 513g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236809556
  • 9781236809551