Court Opinion

ID: 4933384
Source: CourtListenerOpinion
Date Created: 2021-09-24 01:11:08.031305+00
Date Added: 2024-06-11T08:14:34.451727
License: Public Domain

Libbey, J.
This case comes before this court on demurrer to the indictment. The strongest case stated against the respondents in any of the counts in the indictment, embraces these facts:
John H. Gilbreth mortgaged two pieces of land to the West Waterville Savings Bank to secure his note for $1,200. After-wards, William H. Emery became the owner of the equity of redemption of the first piece described in the mortgage, and Benjamin Bunker became the owner of the equity of redemption of the second piece, and became liable to pay the note and redeem the mortgage ; and conveyed that piece to the respondent, Campbell, who became liable to Bunker to pay the note and redeem the mortgage.
The respondent, Chapman, became the holder of the note and mortgage by assignment from the savings bank, and assigned the same to Annie J. Campbell, with intent to defraud Emery and Bunker.
It is nowhere alleged that the mortgage had been paid; nor that Chapman was not the holder of it, by assignment, for full value; nor that he assigned to Annie J. Campbell without receiving full value therefor. The only title held by Emery was subject to the mortgage. The only interest which Bunker had in the ’ matter was the liability to pay the note and redeem the mortgage, and Campbell’s contract with him to do the same. Taking all the allegations in the indictment to be true, it is not perceived that it can make any difference to Emery and Bunker whether the note and mortgage is held by Chapman or Annie J. Campbell. Eor aught that appears their rights and liabilities are the same in one case as in the other. The indictment does not show how the assignment from Chapman to her can possibly defraud them.
The indictment charges no offense known to the law.

Exceptions sustained. Demurrer sustained. Indictment bad.

Appleton, C. J., Danforts, Yirgin and Peters, JJ., concurred.