Dibrell v. Smith

Citations

• 40 Tex. 447

Syllabus

<p>1. As a general rule a guardian cannot release a security belonging to his ward; yet upon his payment in full of all obligations to his ward, and 'becoming the owner of the debt affected by such release, his release will be valid against him in favor of those acting upon the faith of such release.</p> <p>2. The vendor’s lien is not affected by a mere change in the form of the security, and may be enforced against a purchaser at execution sale with notice of the lien.</p>