U.S. Supreme Court
Teall v. Schroder, 158 U.S. 172 (1895)
Teall v. Schroder
Argued April 9, 1895
Decided May 6, 1895
158 U.S. 172
When a power of attorney to sell and convey lands of the donor of the power, duly executed, is placed on record in the state in which the lands are situated, in the place provided by law for that purpose, and sales and transfers of the lands covered by the power are made by the donee of the power, and are in like manner placed on record, all persons interested, whether residing in the state or elsewhere, are charged with the necessary knowledge on those subjects, and are held to all the consequences following its acquisition.
Whenever property is claimed by one owner and he exercises acts of ownership over it and the validity of such acts is not questioned by his neighbors till after the lapse of many years when the statute of limitations has run, and those who, for any apparent defects in the title to the property, would naturally be most interested in enforcing their claims make no objection thereto, a fair presumption arises from the conduct of the parties that the title of the holders and claimants of the property is correctly stated by them.
The case is stated in the opinion. chanroblesvirtualawlibrary