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38 Ark. 207

Gibson v. Martin

Supreme Court of Arkansas

Decided November 15, 1881

Supreme Court of Arkansas · decided 1881-11-15

Hon. R. H. Powell, Circuit Judge; STATEMENT. In January, 1866, J. W. Golightly executed to J. N. S. Gibson, by the name of Spotwood Gibson, the following-deed, to-wit: “John W. Golightly To ^-Mortgage. “Spotwood Gibson. ‘ ‘Know all men by these presents : That I, John W. Go-lightly, for and in consideration of one dollar, in hand paid, and for the further consideration that Spotwood Gibson has executed, as security for the party of the first part, a promissory note for the…

Good law ✅— No negative treatment on recordhow we know

Decided 1881-11-15

How this case has been cited

Cited by 4 later decisions — most recently January 1930

4 state decisions

20188118901900191019201930decided

Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.

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Harrison, J.

¶1It is apparent, from the face of the conveyance from Golightly to the appellant, that it was intended as an indemnity to the appellant against his liability in the note to Jones; and the circumstances attending its execution also clearly show that to have been its object and pur-, pose. There is nothing upon its face, or in the attending circumstances, from which it might be inferred that a conditional sale, rather than a mortgage, was intended, and even if there could be a doubt as to which was intended, the law would construe it to be a mortgage, rather than a conditional sale. 1 Jones on Mortgages, sec. 258.,

¶2A mortgage is not necessarily a security for debt; it may be for the performance of some act, or, as in this case, an indemnity against some liability of the mortgagee. 2 Wash, on Real Prop., 36 ; 1 Jones on Mort., sec. 16 (and note).

¶3The deed upon a sale of land under execution may be made by a deputy sheriff in the name of his principal. Freem. on Executions, sec. 327 ; Her. on Executions, 287.

¶4The deed from the sheriff to the appellee was regular and valid on its face, and as its validity was not denied, nor in any manner called in question by the answer, it was admitted, and evidence to impeach it was inadmissible. Sec. 4608 Gantt’s Digest.

¶5The decree is affirmed.

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