65 N.Y.S. 578 | N.Y. App. Div. | 1900
On November 5, 1891, the plaintiff, being the owner of 61 lots of land at New Rochelle, conveyed them to one Stagg for the consideration of $9,500. 'Stagg, on November 21st, conveyed one undivided half to the defendant, and in May, 1893, when Stagg became insolvent, the other undivided half. The defendant has sold about one-half of the lots, and the remainder stand in his name
“First. That by reason of the conveyances made by the plaintiff to Charles F. Stagg, and by Charles F. Stagg and wife to the defendant that are mentioned in the complaint in this action and in the foregoing findings of fact, the defendant became the owner of the land described in the complaint, in fee simple absolute, and had full power to sell and convey the same; that the defendant, did not hold the said land in trust for the benefit of the plaintiff, but held the same in his own right, free from any claim of the plaintiff except the-payment of the purchase money. Second. That the defendant is indebted to» the plaintiff for a balance of the purchase money which "remains unpaid, in the sum of five thousand one hundred and fifty dollars, with interest thereon from May 5, 1898, for which sum I direct judgment against the defendant.” •
Thereupon, the judgment being prepared, the court, by fiat, directed its entry. The judgment decreed that the plaintiff had a lien upon the lands for the unpaid purchase money, and directed a sale-thereof by the sheriff to satisfy such lien, and that the defendant-should pay the plaintiff any deficiency. Ho costs were allowed.. The judgment is certainly as favorable to the defendant as the offer of his counsel at the trial, and is in accordance with equity.
We do not find it necessary to discuss any of the other points raised by the defendant, and affirm the judgment, with costs of this appeal-All concur.