Sammis v. Matthews

Citations

• 19 Fla. 811

Syllabus

<p>1. A., the purchaser of a tract of laud, pays one-half of the purchase-money and gives a mortgage to secure the balance to B., the vendor. B., the original vendor and mortgagee of A., sells and assigns the mortgage unconditionally to C. O. takes it independent of any verbal conditions attending the original sale by A. to B., so far as they were for the benefit of B.</p> <p>2. A sale of a security for less than its face value will not be set aside because made reluctantly and when one is greatly in want of money, the sale not being unusual or oppressive, there being no fraudulent advantage, imposition, or illegal restraint or duress.</p>