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2 R.I. 541

Stimson v. Mead

Supreme Court of Rhode Island

Decided September 6, 1853

Supreme Court of Rhode Island · decided 1853-09-06

In Equity. The defendant purchased the interest of the Roger Williams Foundry and Machine Company in certain buildings, fixtures and machinery, which were sold by the plaintiffs at public auction under a decree of the Court.

Cited by 1 later decisions — most recently September 1906

1 state decisions

Good law ✅— No negative treatment on recordhow we know

Decided 1853-09-06

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*543 Greene C. J.,

¶1 delivered the opinion of the Court.

¶2 We have examined the question of jurisdiction and are satisfied that the Court has power by its process to compel the purchaser to complete the purchase by paying into Court the balance of the purchase money. To turn the receivers round to a suit at common law would in a great measure defeat the objects of the parties in proceeding at equity, where it was supposed the Court would have complete control over the subject matter of the suit and was invested with adequate power to carry its orders into effect. An order must be entered that the defendant pay the balance due to the receivers into Court.

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