Opinion ID: 1784651
Heading Depth: 1
Heading Rank: 4

Heading: 1981 Mercedes 300TD

Text: ¶ 28. The chancellor found that Margaret sold the Mercedes and failed to give Kenneth his share of the proceeds. The Mercedes sold for $800. The chancellor stated that Margaret failed to pay Kenneth $800 from the proceeds of the Mercedes ordered to be sold. It appears that the chancellor used this $800 figure in arriving at the judgment in the amount of $5,000 to Kenneth to be used to offset the amount owed to Margaret. As such, the chancellor erred in the determination of the value assigned. Margaret was entitled to receive 40% of the proceeds of the sale. Therefore, Kenneth was entitled to receive 60%, or $480, not 100% of the $800. We find this should be remanded for the chancellor to readdress the Mercedes in order to examine how the chancery court arrived at the judgment in the amount of $5,000.