Court Opinion

ID: 6512854
Source: CourtListenerOpinion
Date Created: 2022-07-19 18:23:56.884477+00
Date Added: 2024-06-11T15:54:56.096026
License: Public Domain

STONE, O. J.
When property is sold under execution, or chancery decree, and the plaintiff becomes the purchaser,-receiving title, if the judgment or decree be after-wards reversed, his title is left without ground or consideration to rest on, and it will be set aside and vacated. If, -however, a stranger, purchases and receives title, a subsequent reversal will not furnish ground for setting the sale aside, unless the judgment or decree under which the sale was made is void on its face, in contradistinction to being merely erroneous and reversible. In the first case, setting'the sale aside simply restores the parties to their relative rights, held by them before the sale. In the latter case, to set aside the sale would leave the purchaser with his money expended, and nothing realized in its stead. — Freeman on Judgments, §§ 482, 484; Marks v. Cowles, 61 Ala. 299. Several reasons are given, why a mere reversible error in the judgment, and subsequent reversal, should not impair the title of a stranger, who purchases while the judgment of a competent jurisdiction is standing, and confers the power to sell. Among them is the patent one, that he is an innocent, bona fide purchaser, relying, and having the right to rely, on the solemn judgment of a court of competent» jurisdiction. But, to come within the protection of a bona fide purchase, there must be a purchase in fact; not the acceptance of a bounty. It implies a parting with something valuable, the surrender of a legal right, or the incurring of a binding obligation, against which defense can not be made, to constitute a bona fide purchase, which will prevail over latent equities. Sweeny v. Bixler, 69 Ala. 539.
The decree under which the lands were sold, was reversed in this court, and the bill dismissed. The ruling' in that case was, that Ivie, the complainant in that suit, had no claim to, or lien on the land in controversy.—Stringfellow v. Ivie, 73 Ala. 209. A sale had been made under the decree before the reversal in this court, and A. Kate Ivie, appellant in this case, wife of the complainant in that suit, was set down as the purchaser. She paid no money, but the complainant, her husband, entered a credit on his decree for the amount of her bid, and title was made to her as purchaser. The present bill was filed to vacate, annuli, and cancél the deed so made to A. Kate Ivie. We do not doubt the equity of the bill; for, when the decree under which ■Mrs. Ivie purchased was reversed annulled, all semblance *548of equitable right to retain the land was swept away, unless the fact that she was a stranger to the record gave her a better right, than her husband, purchasing, would have had. An attempt was made to show she was in fact a purchaser, and not volunteer. The attempt was, to prove that the husband was indebted to the wife, by reason of moneys of her separate estate used and converted by him, and that her bid, instead of being paid in money, was paid by entering a credit on his indebtedness to her. Testimony was taken on this issue, and the chancellor held there was no proof of such indebtedness. The correctness of his ruling in this behalf is neither questioned, nor brought before us for review. We have, then, the case of an apparent purchase by a stranger to the record, but in reality a gift by the complainant to another. She can assert no higher equity than he could assert if the purchase had been made in his name.. She is in no sense a purchaser entitled to be protected in equity, but a naked trustee of the legal title for the benefit of the true owner.
Affirmed.