31 Ala. 266 | Ala. | 1857
— The decree of the chancellor in this case contains no error of which the appellant can complain. The appellant bought the mortgage which he seeks to foreclose, and used in the purchase the sum of one thousand and forty dollars of money placed in his hands by the wife of the mortgagor. If this money was the money of the mortgagor, it can not be doubted that the mortgage was discharged, pro tanto. McLemore would be deemed a trustee for the mortgagor, for the money of the latter placed in his hands, and would be precluded from a foreclosure, to that extent. He could not be permitted, after the expiration of several years from the appropriation of the money, to say that it was placed in his hands to hold as an indemnity, when he has
The decree of the court below is affirmed.