2 Iowa 447 | Iowa | 1856
The first, second, and fourth assignments
The third assignment of error, is, “ that the court erred in refusing the evidence offered by defendants in the court below.” It does not appear very clearly, from the bill of exceptions, whether the evidence sought to be introduced by defendants, was intended to show the value of the land conveyed to Green by the Scotts, as trustee to secure the payment of the note; or whether it referred to the note itself. The bill of exceptions shows, that defendants offered to prove the value of the property pledged to said plaintiff, proposing to follow it up with proof, 'to show that plaintiff had converted the pledge to his own use, and that the property was worth five or six times the amount of the debt it was pledged to secure.
Without undertaking to decide, whether or not this evi
The issues joined were: First, whether the money lent by Ewing to Clendenin, had been repaid to him, with interest ; and Second, whether the Scotts had fully paid the note sued on. Any evidence tending to elucidate these two questions, would have been relevant, and should have been admitted. The defendant introduced and read to the jury, a deed made by A. D. Green to Jno. G. Eoote, for the land conveyed by Scott to Green, as trustee, to secure the payment of the note assigned to plaintiff. Green, at the instance of Ewing, the holder of the note, had advertised and sold the land under the deed of trust; it brought only seven dollars at the sale, and Green conveyed the land to the pur
Tbe assignment of tbe note, so far as it transferred tbe property therein to Ewing, carried with it tbe right to any security tbe makers of tbe note bad given to tbe original bolder. Upon default made by Clendenin, Ewing, as tbe •assignee and bolder thereof, bad tbe right to require Green, tbe trustee, to sell tbe land conveyed to him by Scott, to secure tbe payment of tbe note. If tbe land, when offered at public sale, did not bring enough to pay tbe note, or did not sell for its full value, we do not see tbat such failure can be in any manner attributable to plaintiff, or tbat be can -on any safe ground, be held to accountability, as having, by requiring tbe land to be sold, converted tbe security to bis •own use. It does not appear from tbe bill of exceptions, that there was any evidence offered, to show that Ewing bad been paid bis money loaned, with interest, or tbat it bad been tendered him; nor is it contended tbat the evidence excluded by tbe court, would have tended to prove that
Judgment affixmefL