Court Opinion

ID: 9934869
Source: CourtListenerOpinion
Date Created: 2024-02-09 18:54:51.226973+00
Date Added: 2024-06-11T13:26:44.245332
License: Public Domain

I would grant the application for rehearing. The claim for an equitable lien that the majority holds should have been asserted in the prior action to set aside the mortgage had not matured at the time the prior action was adjudicated. Therefore, it was not a compulsory counterclaim. A.R.Civ.P. 13(a).
In effect, the majority opinion requires the mortgagee to anticipate that he may lose the suit to set aside the mortgage. If the mortgagee prevails, then the counterclaim is immaterial. Only if, and when, the mortgagor prevails on the claim to set aside the mortgage does the mortgagee's claim for an equitable lien mature.
SHORES and STEAGALL, JJ., concur.