Zick v. Guebert

Citations

• 142 Ill. 154
• 31 N.E. 601

Syllabus

<p>1. Fbaudubent conveyance — innocent purchaser will be protected against creditors of the grantor. Although a conveyance of land is made to defraud the grantor’s creditors, an innocent purchaser for a sufficient consideration, without notice of the fraud, will be protected. And the fact that the land sold may be worth more than that given will not render the transaction fraudulent as to the purchaser.</p> <p>2. Same — innocent purchaser not affected by notice subsequent to purchase. Where the purchaser of an interest in land has no notice, at the time the sale is consummated, that his grantor was insolvent, or that he or she had any design of transferring his or her property to avoid the payment of creditors, and the trade is an ordinary transaction where one is pressed for money and anxious to sell, and the other buys because he regards the property cheap and a good bargain, the conveyance will be sustained. Notice to the purchaser, shortly after his purchase, of facts showing the insolvency of his grantor, will not affect his rights acquired without notice.</p>