Case ID: ky-op_1/html/0364-01.html
Source: Caselaw Access Project
Author: {"author": "Judge Williams:", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Carroll Larkins v. John Garnett.
    A Deed Absolute in Terms May Only be Surety for Debt.
    There being a borrowing and lending, prima, facie, the deeds are to be considered as the surety for the indebtedness.
    Same;
    The presumption of law may be strengthened by parol evidence.
    APPEAL PROM LYON CIRCUIT COURT.
    October 9, 1866.
   -Opinion op the Court by

Judge Williams:

The first deed by appellee to appellant of the tract of about seventy acres was in consideration of a loan of $200.

Appellee, a few days after making the first deed, procured appellant to replevy execution for him to the amount of about $90 more, and then executed the second deed, which is unconditional on its face.

The land was then worth from $500 to $700. :

- There being a borrowing and lending, prima, facie, the deeds are-to be considered as the surety for the indebtedness, and the parol evidence strengthens this presumption of law.

Although there was no usury contracted to be paid, yet the payment of the land in consideration of the amount advanced would be enormously usurious.

The judgment is affirmed.