Court Opinion

ID: 7156284
Source: CourtListenerOpinion
Date Created: 2022-07-24 16:09:32.102491+00
Date Added: 2024-06-11T16:15:14.919504
License: Public Domain

Opinion by
Judge Pryor:
The appellant in this case had placed in the hands of his trustee all of his estate, both real and personal, for the payment of his debts, with the power on the part of the trustee to sell and convey any of his estate for that purpose. The trustee being disinclined to administer the trust without the advice of the chancellor, filed a petition in equity asking to be allowed to sell and dispose of the estate. The chancellor directed a sale of the entire trust estate to satisfy the demands of creditors due and not due, and a sale was made of a part of the real estate to satisfy a mortgage due Taylor and purchased by the appellant Root. The trustee is not appealing, and the power of the chancellor over the trust estate can not be successfully questioned. The property purchased by Root was val*794ued and the latter bid more than two-thirds of its value. The sale can not, therefore, be disturbed in the absence of fraud or facts conducing to show unfairness equivalent to fraud. The policy of selling the property at the time and manner in which it was sold might be doubtful, but the chancellor having the jurisdiction to sell, the title passed to the purchaser. There was no fraud in the sale. , The purchaser acted in good faith and the proof as to the inadequacy of price would not have authorized a defendant to redeem under a sale made by virtue of an ordinary execution. The appellant. can accomplish nothing by a reversal as Taylor’s mortgage included the right of a homestead and dower. The purchaser will hold the property and the judgment is, therefore, affirmed.

Geo. B. Hodge, for appellants.

Wm. Lindsay, for appellees.