Court Opinion

ID: 9826546
Source: CourtListenerOpinion
Date Created: 2023-09-01 16:05:05.303999+00
Date Added: 2024-06-11T07:42:06.101039
License: Public Domain

Mr. Justice Cothran :
I concur in the judgment, but am not t,o be understood as approving the implication that possession alone under a voluntary equitable assignment will perfect the legal title; a principle which appears to have been announced upon scant consideration in the case of Mathis v. Hammond, 9 Rich. Eq. 137.
My impression is that an equitable assignment is nothing more than an executory agreement, and can be given effect only upon the establishment of the elements essential to sustain an action for specific performance; possession alone is not sufficient, when the implied contract is without a valuable consideration. I prefer to reserve my opinion as to this matter.