226 N.W. 12 | Iowa | 1928
Lead Opinion
The mortgagors take the position that by their conveyance of the mortgaged premises the grantee assumed to pay the mortgage when due; that mortgagee, with knowledge of such agreement, extended the time of payment of the mortgage and 1. MORTGAGES: note secured thereby without mortgagors' transfer of knowledge or consent, and thereby mortgagors property: were released. This question is in this assumption jurisdiction stare decisis, adverse to of debt by mortgagors' contention. Corbett v. Waterman, 11 vendee: Iowa 86; Massie v. Mann,
ALBERT, C.J., and EVANS, STEVENS, FAVILLE, and WAGNER, JJ., concur.
De GRAFF, J., dissents.
Dissenting Opinion
As a basis of my dissent, I urge *404 the reasons stated in a dissent filed in Iowa Title L. Co. v.Clark Bros., ___ Iowa ___ (224 N.W. 774), cited in the majority opinion herein. The facts in the instant case are quite analogous to the facts in the Iowa Title L. Co. case, supra.