McAbee v. Cribbs

Citations

• 194 Pa. 94
• 44 A. 1066
• 1899 Pa. LEXIS 740

Syllabus

<p>Contract — Principal and Surety — Agreement to pay mortgage — Indemnity.</p> <p>Where the grantee of land, for a valuable consideration, assumes the payment of a mortgage upon the land, and subsequently the land is sold in foreclosure proceedings, and a judgment for a deficiency in the mortgage debt is recovered against the grantor, the latter has an. immediate right of action against the grantee, although he may not have paid the judgment against him.</p>