Macy v. Mielenz

Citations

• 27 N.M. 261
• 199 P. 1011

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Where the court finds as a fact that a deed was to be held as security for money borrowed from a bank for the purchase price of the property, an equitable lien for the repayment of such money was properly impressed upon such property. P. 263</p> <p>2. Where a deed is delivered to be held in escrow by a bank as security for the indebtedness of one of its officers to the bank, the fact that it is a complete instrument does not prevent the delivery being in escrow, and does not pass title to the grantee by such delivery in escrow. P. 264</p> <p>3. An escrow agreement may be ‘established by parol. P. 264</p>