92 S.E. 496 | N.C. | 1917
This is an appeal from a judgment of nonsuit in an action by the plaintiff as sheriff of Wilkes to require the defendant to comply with its bid for certain real estate purchased at execution sale, under three executions issuing from the Superior Court of said county.
It is in evidence that the auctioneer, who was employed by the plaintiff, gave notice before crying the sale that it was made by virtue of certain executions against M. M. Absher levied on the excess over the homestead, which had been duly allotted, and was made subject to a deed of trust of $6,000 to the defendant trust company, and also to a mortgage for $2,000 to one J. H. Johnson. At this execution sale E. C. Willis, who was attorney representing the Piedmont Trust Company, *599 became the last and highest bidder, which was announced by the auctioneer and was entered by the sheriff upon his return of execution. The sheriff applied to Willis for payment, who stated to him that he was purchasing not for himself, but for the Piedmont Trust Company. The plaintiff thereupon executed and tendered the deed to E. C. Willis as agent of the Piedmont Trust Company and demanded payment of the bid. Willis declined to make payment, but asked that his bid ($4,500) should be credited on the debt due his client, which was secured by the trust deed. The counsel for the creditors asked that the sheriff resell the property, to which Willis objected. Thereupon the plaintiff brought this action. The judge having directed a nonsuit, the plaintiff appealed. It was in evidence, uncontradicted, and therefore must be taken as true on this appeal from a nonsuit, that the judgments, executions, advertisement, and sale were regular in all respects. There was also evidence by letters from the defendant to Willis that he was the attorney of the defendant to represent it at this sale, and there was evidence of his statements in corroboration; that as such (548) agent he made the last and highest bid for the property, which was duly knocked off to him, and that he declined payment upon the ground that the bid should be credited on the debt due the trust company.
When the plaintiff rested, the defendant moved to dismiss the case as of nonsuit, on the sole ground that the statute of fraud applied to a sale by sheriff under execution, and the court, being of that opinion, granted the motion.
When the plaintiff as sheriff offered the property for sale by virtue of the execution in his hands, this was an offer in writing, also evidenced by the advertisement duly made; and when the sheriff, through his auctioneer, cried the defendant's bid, he was acting as agent for such bidder, and when it was accepted and the property was knocked down to the bidder, the return made by the sheriff on the execution was a memorandum in writing made by him as agent for the bidder. If this were not so, there would be no means of holding the purchaser at the execution sale if he should see fit afterwards to deny his liability.
In Cherry v. Long,
In Proctor v. Finley,
In Stearns v. Edson,
In Nichols v. Ridley,
In Ruckle v. Barbour,
There are many authorities which hold that "A sale of land by the sheriff under execution is not within the act of 1819 (now Revisal, 976), making void parol contracts for the sale of land." This was held by Gaston,J., in a very strong opinion, Tate v. Greenlee,
In Love v. Harris,
There being some conflict as to whether a sale by a sheriff under execution is within the statute of frauds which requires a writing, we prefer to put our decision upon the first proposition above stated, that the sheriff is the agent of both parties, and that his return upon the execution is made as agent of the purchaser, and this being signed by him, it is sufficient compliance with the statute of frauds.
The sale by the sheriff, both under the advertisement and the (550) announcement at the time, was of the equity of redemption, Revisal, 629 (3), and the defendant, the cestui que trust, as purchaser of the equity of redemption, bought that which the trust deed did not cover, and the sheriff properly held that the proceeds must go to the plaintiff in the judgment and execution under which he sold. It would have been otherwise if the defendant had been plaintiff in the judgment as well ascestui que trust in the mortgage, for in that case he would have had both titles.
The judgment of nonsuit must be
Reversed.
Cited: Smith v. Joyce,