47 Minn. 38 | Minn. | 1891
The note in suit was given for part of the purchase price of certain real estate upon which one Simpson claimed a lien by virtue of a judgment against the owner for a similar amount. By a contemporaneous agreement, (of which the plaintiff, indorsee of the note, had due notice,) made between the parties to the note, the liability of the defendant was conditioned upon the satisfaction of such judgment, or a judicial determination that it was not a lien on the land, which condition was expressed in the agreement as follows: “Now, therefore, if said judgment is satisfied, or the question as to whether it is a lien on said property is decided, and said decision is to the effect that said judgment is not a lien on said: property, then said note is to remain in full force, and shall be collected by said executor; otherwise said Rogers is to pay that amount, namely $171, on said judgment.” Evidently the object, was to secure Rogers against the liability to pay the judgment, if he paid the full purchase price, and so that part of the purchase-money evidenced by the note was not to be paid over to the vendor of the land until the question of the lien of the judgment upon the land
Order affirmed.