(After stating the facts.) Marshall, the claimant-in the court below, defendant in error here, contended that he had been in possession of the land in controversy since 1887 under color of title, and that his title, therefore, became absolute after seven years possession; the plaintiff in error denied that Marshall had
It has been held by this court that where the parties to a security deed agree that the grantee shall take the land in satisfaction of the debt, and in pursuance of this agreement the grantee cancels the debt and goes into possession of the property, the deed to him ceases to be a security, and becomes an absolute, indefeasible conveyance. Irwin v. McKnight, 76 Ga. 669; Bullard v. Jones, 68 Ga. 472. And this is true although the grantor and grantee agreed in parol that the latter should cancel the debt, and be thereafter vested with absolute title to the property. Carter v. Griffin, 114 Ga. 321. Clearly, therefore, when the grantor and grantee make and execute such an agreement, the grantee holds possession of the land, not by virtue of a verbal agreement with the grantor, but by virtue of the deed, which has ceased to be a security, and has become an absolute conveyance. And we can see no good reason for holding in this case that Marshall was in possession of the land merely “by virtue of a verbal agreement between him and the administrator of Ogburn’s estate,”, and not claiming it under the deed, which they had sought to convert into an absolute conveyance. The only thing lacking, necessary to make the deed to Marshall a perfect title, was the authority of the administrator to make the agreement whereby Marshall was given the land in set
The only other assignment of error is covered by the second headnote. The evidence demanded the verdict, and the court committed no error in directing it accordingly.
Judgment affirmed.