Morgan v. McLaren
Morgan v. McLaren
Opinion of the Court
Opinion ly
In this case, P. M. McLaren had obtained judgment against Morgan, McKinney & Co., and caused garnishee process to be issued against Joshua Copp, executor of the esfeate of F. J. C. Peasley. The executor’s answer was, in substance, that he understood the estate to be indebted to Morgan, McKinney & Go., in a sum amounting to something over one hundred and forty dollars ; “ that J. M. Morgan purchased or contracted for two lots in Peasley’s addition to the city of Burlington, for
It is claimed, that the answer shows that there was a valid subsisting contract for two lots, between Morgan, McKinney & Co., and Peasley, and that the one hundred and forty dollars should be applied in part payment of the two lots, and consequently should not be treated as an indebtedness from the estate. ¥e could not deny the correctness of this position, if the answer showed that the verbal contract for the two lots had been made with Morgan, McKinney & Co., instead of James M. Morgan, and if it showed that the vendor had received a portion of the purchase money from them, or had placed the vendees in possession of the lots by virtue of the contract. It appears by the answer, that the contract was with J. M. Morgan alone, that he was to pay one-half of the price of the lot in printing, and the other half in cash. It is not pretended that any payment had been made upon the lots, or that Morgan was in possession. Consequently no evidence of this contract, in relation to a transfer of an interest in land was admissible in evidence, unless in writing, and signed by the party to be charged therewith. Even as between Morgan and Peasley, the contract is clearly within the statute of frauds,;
The record does not show that this J. M. Morgan is even* a member of the firm of Morgan, McKinney & Co.; but if heis a member of that firm it does not follow that the credits of that firm can be appropriated for the payment of his individual indebtedness, in preference to the indebtedness of the firm. But in this case there was no individual indebtedness from Morgan to the estate of Peasley. As the answer shows the transaction, there was no valid contract between the parties. Morgan could not enforce a specific performance against the estate for the lots, nor could the state sustain an action against Morgan for the price of the lots. There was no written agreement, no payment, no possession ; and consequently there could be no competent evidence in reference to this real estate transaction.
We conclude, then, that there was no valid contract between Peasley and Morgan, McKinney & Co., in reference to the lots ; that the answer shows the Peasley estate to have been indebted to that firm in the sum stated, and that judgment was correctly rendered against the garnishee.
Judgment affirmed.
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