42 Iowa 177 | Iowa | 1875
The District Court made a finding of facts as follows:
1. On the 18th day of December, 1869, William Drefahl, plaintiff, Robert Tuttle, the defendant, and M. Springer executed a promissory note for $580, payable to the order of Samuel Reede, due in 10 months, with interest at 10 per cent.
3. On the 28th day of March, 1861, Jacob W. Mentzer, the holder of said note, recovered judgment thereon against all the makers for $654.10 debt, and $6.10 costs.
4. A stay of execution was put in by the defendant, Tuttle, and at the expiration of the stay lie paid Mentzer and took an assignment of the judgment, and had an execution issued and levied on the property of Drefahl, Springer being insolvent and having no property wherewith to pay.
5. At the time of the levy and until after the sale of the property by the sheriff the plaintiff made no objection thereto, but at his instance the sale was postponed one week in order to enable him to settle the judgment.
6. After the sale he brought this suit and replevined the property in the petition described, on the ground that the judgment was fully paid before the sale.
7. The state of the matter at the time of the sale should be as follows: The $100 received by Tuttle should be deducted as of the date .of the note, leaving the balance for which Tuttle was liable, $480, which, with interest to the date of the judgment, would be $541. Add interest up to the time of sheriff’s sale in October, 1872, and the amount without costs on the day of sale was $622. The amount realized by the sheriff’s sale, including cash payment of $55 and threshing account of $29.30, was $630.07, and, the costs being deducted, leaves the net amount collected on the judgment $593.97.
8. Since the sale one Fred. Kollenkark replevined from the defendant certain of the property sold at the sheriff’s sale, and at the last term of this court his right thereto was established by the judgment of the court. This property sold at the sale for $235. This sum should be deducted from the amount realized by the sheriff’s sale.
10. The plaintiff in his petition in this case values the property replevined at $540, and although the answer contains a general denial, on the trial the defendant conceded that the correct value was stated in the petition, and the property is therefore found to be of the value of $540.
Upon these facts the District Court found that the plaintiff was estopped from questioning the legality of the sheriff’s sale, and rendered judgment for the defendant for a return of the property, valued at $540.00, for which amount defendant might elect to take a money judgment.
In this case the court made a finding of facts and stated his conclusions of law thereon. These are part of the record, and upon these the error of the court is made to appear. From the facts found, the court should have rendered judgment for the plaintiff instead of for the defendant. The judgment must, therefore, be reversed, and the cause remanded with directions to the District Court to render judgment for plaintiff, or, if he so elect, such judgment maybe rendered in this court.
Reversed.