In the case of Missouri, Kansas & Texas Trust Company v. Krumseig in 1898, the U.S Supreme Court ruled on a dispute involving land ownership and mortgage payments. The original owner of the property had defaulted on his mortgage payments to the Missouri, Kansas & Texas Trust Company (MKT), which led to MKT taking possession of the property. However, before this occurred, part of that land was sold to Mr. Krumseig who claimed he wasn't aware of any existing liens or mortgages when he purchased it from its previous owner. The court held that even though Mr. Krumseig may not have been aware about these financial obligations at time of purchase; as per law - ignorance does not absolve him from responsibility towards those debts attached with his acquired property. Therefore, despite having paid for this piece of land himself; Mr.Krumseig was still liable for paying off remaining debt owed by previous owner to MKT trust company due to pre-existing lien against said property. This ruling reaffirmed principle that purchasers are responsible for ensuring clear title prior buying real estate and they can be held accountable if there are outstanding claims or liens against their new acquisitions regardless whether they were aware about them beforehand or not.

The dissenting opinion in the case of Missouri, Kansas & Texas Trust Company v. Krumseig argued that the majority's decision was inconsistent with previous rulings and principles of equity. The dissenter contended that a mortgagee should not be able to claim both a personal judgment against the mortgagor for debt repayment and also retain rights to foreclose on property if they have already chosen one course of action. In this case, after obtaining a personal judgment against Mr. Krumseig, the trust company sought foreclosure on his land as well - an act deemed unfair by the dissenting justice who believed it constituted double recovery for single liability which is contrary to equitable principles.