13 Ky. Op. 1064 | Ky. Ct. App. | 1886
Opinion by
It is manifest that the land of the appellant, Mary J. Morton, sold for less than its value. The lower court so found; averaging all the testimony, its value at the time of the sale was $8.25 per acre.
The land in this instance brought more than two-thirds of its appraised value. The sale would not therefore be annulled by reason of inadequate price in the absence of any other circumstance supporting it. No unfairness nor fraud is shown upon the part of the creditor or commissioner who made the sale. The latter, however, acting doubtless under a mistake as to the law, but which he very naturally would make as the legislature had attempted to authorize it in such cases, had the land appraised, and sold it subject to redemption. This was reasonably calculated to discourage bidding and produce a depression in price. The debt for which it was sold was created on April 4, 1870, and matured on October 1, 1870. It is true that the sale was made after the passage of the act of 1878 authorizing the redemption of land sold under decree in case it should not bring two-thirds of its appraised value, and which purported to apply to sales made for debts created before as well as after its passage.
It was, however, held in the case of Collins v. Collins, 79 Ky. 88, that the act was unconstitutional so far as it attempted to create a right of redemption as to pre-existing debts. The judgment in this instance did not direct the appraisement to be made or the land to be sold subject to redemption. It follows the commissioner obeyed neither the law nor the judgment While the decree did not expressly forbid his so selling it, yet it did not authorize it; and as it was forbidden by law, it follows that his action did not conform to the decree. He was a mere agent of the court, and as