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10 Ky. Op. 757

Cummings v. Applegate

Court of Appeals of Kentucky

Decided October 15, 1880

Court of Appeals of Kentucky · decided 1880-10-15

<p>[Abstract Kentucky Law Reporter, Yol. 1 — 351,]</p> <p>Principal and Surety.</p> <p>Where the holder of the prior lien was the surety of the purchaser at the sale of the real estate, it was as much his duty as it was the principal’s to pay the purchase money, and both being before the court and failing to comply with their covenant, tjie chancellor had the power and it was proper for him to direct a sale to pay the debt.</p>

Decided 1880-10-15

¶1Opinion by

Judge Pryor:

¶2Chalfont, the holder of the prior lien, was the surety of Applegate, the purchaser, at the first decretal sale. It was as much his duty as Applegate’s to pay the purchase money, and both being before the court by the rule, and failing to comply with their covenant, the chancellor had the power, and not only so, but it was proper, to direct a sale to pay the Rodman debt, and the fact that the surety had taken the benefit of the bankrupt law can make no difference. The proceeds of the last sale should have been applied to Rodman’s lien, and the relation then existing between the purchaser, Applegate, and his surety or the assignee of the latter in regard to this land is not a question before the court.

¶3Judgment affirmed.

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