Case ID: nc_3/html/0281-01.html
Source: Caselaw Access Project
Author: {"author": "\n      Per a-rh'.n.\n    ", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Circuit Court of ills United States..,
    Raleigh,
    June Term, 1803.
    
      Gibson and others vs. Williams, heir of Williams.
    
    tep til'd -ir.\% a cci.fa so subject him to the payment of a debt rs~ covered .igain&t. she executor of Win. Williams, his ancestor., píeate-d diV; bbad nothing by devise, and as to what bs had hy docc'íüíy tlut lie had in 1 ‘¡'Mñ mortgaged ths lairds, descended to certain creditors of his ancestor for eighteen unasked dollars,! •.‘.rid hid paid bond deh;s besides, to the valúe of the lands. It appeared he had in 1S0Í sold >:he equity of redemption, and these questions arose as to the value above the debts paid for bis aii--cestn-— -First 5 shall he pay interest for the surplus ? and it war; held by Marshall and Fetter,, Judges, that lie should not. Secondly; as to the value shall it be estimated, as worth «t sha death of ’.ha ancestor, or at the time of the mortgage, or at th& P.::s of cr.e in ISO*. ?
   Per a-rh'.n.

So much of tks lands as the money secured fay the mortgage was worth, shall be deemed to nave beet* purchased \,y the heir, by payment of the debts of the ancestor; the sur-phi j of the land nhtil be estimated as worth at the time of ¡sale if* 1.80;,,. lit must not be valued as worth at the iliac of descei; to ¡itc defendant, for the intermediate profits are a recompessc? fyr the «¿peaces ¿sir,¡dost to holding the land, such as tases 8&d. !¿k¡ ike,

Verdkfc and judgment sccordimglyc.