Summary

Stanley Matthews Stuart v. Gay — Opinion of the Court

The different modes of computing interest on the debts to be paid may affect relatively the creditors themselves, giving to one class more and to the other less; but it can make no difference in the amount of the fund to be distributed arising from the proceeds of the sale. The complaint of the appellant, therefore, if he has any, must be put forward in his capacity as a creditor in respect to his rights upon distribution
Source: Wikisource

Stanley Matthews Stuart v. Gay — Opinion of the Court

There was nothing in the decree which authorized the purchaser to assume that he would not be called upon to pay each installment as it fell due in cash. As a purchaser, therefore, bound for the payment of specific sums at given dates, and who cannot be compelled to pay more, and has no right to expect to pay less, it must be a matter of indifference how the proceeds of that sale shall be distributed among the creditors entitled thereto.
Source: Wikisource

Stanley Matthews Stuart v. Gay — Opinion of the Court

The decree of sale, as we have already stated, contained no finding of the amount of the indebtedness, nor of the persons to whom it was owing, and no order for its payment as a condition of redeeming the property from the necessity of sale. But the report of the master of April 21, 1876, contained a full and carefully prepared detail of all the items constituting the indebtedness, with a list of the creditors, a classification according to the order of priority in the matter of lien, and a calculation of interest to October 15, 1875, upon all debts, except those embraced in class No.
Source: Wikisource

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