Malone

Malone v. Roy

Caution
107 Cal. 518·1895 Cal. LEXIS 786·40 P. 1040
Supreme Court of CaliforniaJune 27, 1895No. 15684California1,715 words

Opinion

Lead Opinion

Haynes, J.

This action was brought by Malone against Roy to foreclose a mortgage. The plaintiff had judgment, and defendant appealed therefrom and from an order denying a new trial.

On January 4, 1888, the defendant was the owner of 360 acres of land, under a contract of purchase, upon which he owed $6,550, and on that day he obtained that sum from the plaintiff, applied it to the payment of the balance due upon the land, obtained a conveyance to himself, and, to secure the plaintiff for the moneys so obtained, executed to the plaintiff a deed, absolute in form, for the expressed consideration of $7,532.50, and *520 the plaintiff at the same time executed and delivered to the defendant his agreement to reconvey the premises to the defendant upon payment of said sum of $7,532.50 on January 4,1889.

In March or April, 1889, Malone, claiming said deed to be an absolute conveyance and not a mortgage, brought an action against Roy to quiet his title to said land, and on appeal -this court held that the transaction constituted a mortgage. (Malone v. Roy, 94 Cal. 341 .) Malone thereupon brought this action to foreclose said mortgage.

Nearly all the findings are attacked, and numerous errors of…

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