Campbell v. Freeman
Campbell v. Freeman
Opinion of the Court
In April, 1882, A. G. Anderson, the appellant’s interstate, being about to purchase a tract of land, made a verbal agreement with the plaintiff that the plaintiff should loan him $800 with which to make the purchase, and that the conveyance should be made by the vendor directly to the plaintiff, who should hold the title as security for the money so loaned, and also for all other moneys which he should thereafter loan to or advance for him, and that Anderson should
The rule is familiar that when, upon a purchase of real property, the purchase-money is paid by one person and the conveyance is made to another, a resulting trust immediately arises against the person to whom the land is conveyed, in favor of the one by whom the purchase-money is paid. The real purchaser of the property is considered as the owner, with the right to control the title in the hands of the grantee and to demand a conveyance from him at any time. The same rule prevails if the money paid.by the party taking the title is advanced by him as a loan to the other, and the conveyance is made to the lender for the purpose of securing the loan. But in the latter case the purchaser cannot demand the conveyance
We cannot consider the refusal of the court to allow the defendant to amend his answer. The statement on motion for a new trial does not show that he made such request, nor does it show any ruling of the court in reference thereto, and there is no bill of exceptions containing any action of the court thereon. The only mode in which it is brought to our attention is by certain documents printed with the transcript, but which do not purport to he authenticated except by the affidavit of his attorney. If a review of this ruling had been desired, it should have been either incorporated into the statement, or brought here by a bill of exceptions.
The objection to the allowance of an attorney’s fee is not well taken. The note contained an express provision for its payment, and the issue made by the answer of the defendant was limited to the amount for which it could be allowed. It appears from the statement that the evidence justified the finding by the court that this amount was reasonable.
The conclusion that we have reached makes it unnecessary to consider the motion to dismiss the appeal.
The judgment and order denying a new trial are affirmed.
Garoutte, J., and Beatty, C. J., concurred.
Reference
- Full Case Name
- J. B. CAMPBELL v. G. N. FREEMAN, Administrator, etc.
- Cited By
- 38 cases
- Status
- Published
- Syllabus
- Resulting Trust—Security for Future Advances—Verbal Agreement—Mortgage by Deed Absolute in Form. —A conveyance of land made to a third p-r-son under a verbal agreement that he shall loan to the purchaser the amount of the purchase-money, and hold the title as security for the money so loaned, and •also for all other moneys which he shall thereafter loan to or advance for him, •creates a trust resulting to the purchaser by operation of law; but cotemporaneously with the creation of the trust there is impressed upon the title by virtue of the agreement a lien both for the purchase-money and also for such other moneys as the trustee may thereafter loan or advance to him, and the verbal agreement has the effect to render the deed absolute in form a mortgage to secure the purchase-money and all future advances made to the purchaser, which may be foreclosed by the trustee. Id__Equity Looks beyond Forms.— Equity looks beyond the forms of a transaction, and shapes its judgment in such way as to carry out the purposes of the parties to the agreement, and to protect each of them against any unconscionable advantage to be derived from the apparent form in which their transaction has taken place; and if a transfer is made as seeurity for the performance of an obligation, it is in equity a mortgage, irrespective of the form in which it is made. Id.—Allowance of Attorney’s Fee.—Where the note evidencing the indebtedness of the purchaser to the trustee provides for the payment of an attorney’s fee, a reasonable fee may be allowed upon foreclosure of the security. Appeal—Bequest for Amendment of Pleadings—Authentication in Transcript— Affidavit of Attorney.—The refusal of the court to allow a defendant to amend his answer cannot be considered upon his appeal from the judgment, where the request therefor and the ruling thereon are not incorporated in the statement or in any bill of exception, and is unauthenticated otherwise than by the affidavit of an attorney.