Ames v. Eldred
Before: Myrick
Synopsis
Declaration of Homestead—Construction of Statute. — Under § 1263 Civil Code, a declaration must contain an estimate of the actual cash value. So held, with reference to a declaration of homestead that stated that the ' actual cash value was 15,000 and over.
Myrick, J.: ' The only question in this case is, as to the sufficiency of the declaration of homestead. Referring to the valuation of the premises, the declaration states “ that the actual cash value is $5,000 and over.” Section 1263 Civil Code provides that the declaration must contain an estimate of the actual cash value.
To say that a piece of property is of the value of $5,000 and over, is not to give an estimate of the actual cash value: it is not to say whether the property is worth $5,000 or $50,000. (Ashley v. Olmstead, 54 Cal. 616.)
. Judgment reversed and cause remanded, with directions to sustain the demurrer to the complaint.
Thornton, J., and Sharpstein, J., concurred.
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