Williams v. Isaac Schwab & Co.

Citations

• 56 Miss. 338

Syllabus

<p>Appropriation op Payments. Husband and wife.</p> <p>Where a husband and wife mortgage her estate to secure her own debt, and also a debt of the husband’s, and remain in possession as tenants of the mortgagee, paying a stipulated rent, the payments, in the absence of an application by the mortgagors, will be by law applied first to the husband’s debt, although it binds only the income, while the wife’s debt binds the corpus of the estate.</p>