(DOWNLOAD) "Salter v. Ulrich" by Supreme Court Of California In Bank # Book PDF Kindle ePub Free

May 15, 2021

eBook details

Title: Salter v. Ulrich
Author : Supreme Court Of California In Bank
Release Date : January 27, 1943
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 52 KB

Description

GIBSON, C.J. This is an action to quiet title, and defendant in his answer asked that he be adjudged the owner of the property. Both parties claim from a common source, one C.A. Kassell, who in 1929 encumbered the property with a trust deed in favor of defendant to secure a promissory note. In 1931 a street improvement bond was issued to one Oswald against the property. In 1934 defendant brought suit on his promissory note without making reference in the complaint to the fact that the note was secured. Judgment was entered against Kassell and a writ of execution issued. The property was sold to defendant in 1936 in partial satisfaction of the judgment. The marshals certificate of sale was recorded July 10, 1936, and his deed July 13, 1937. In December, 1936, between the date of the execution sale and the delivery of the deed, Oswald brought an action against Kassell to foreclose the lien of the bond. Defendant was not named or served in that action. Kassell defaulted, foreclosure was ordered, and the property was sold to Oswald on June 1, 1937. Oswald sold his certificate to plaintiff and the commissioners deed was issued to him in 1938.

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