Price

Mitchell v. Price

Good Law
1921 Cal. App. LEXIS 639·51 Cal. App. 159·196 P. 82
Court of Appeal of CaliforniaJanuary 25, 1921Civ. No. 3747.California1,248 words

Opinion

Lead Opinion

Kerrigan, J.

This is an action for a writ,, of mandamus.

In the month of August, 1903, A. J. McVean was the owner of the real property described in the complaint, and in that month he executed a mortgage e thereon to the Kern Valley Bank for the purpose of securing payment of a promissory note in the sum of one thousand dollars. Thereafter, and prior to August, 1905, he conveyed the property to the Buckeye Refining Company, a corporation, which on the first day of that month executed to Luther Allen a deed of trust thereof as security for the payment of bonds to the amount of twelve thousand dollars, to be issued by the Buckeye Refining Company, and which were in fact issued to the extent of ten thousand dollars. Neither McVean nor said corporation paid the note given by the former to the Kern Valley Bank, and the corporation also defaulted in the payment of principal and much of the interest which became due upon said bonds. At some time prior to the month of February, 1908, the bank commenced an action to foreclose its mortgage, and obtained judgment, under which in the said month of February, 1908, the defendant George W. Price, the commissioner in said foreclosure suit, sold the property…

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