Ward v. Maccoun
Ward v. Maccoun
Opinion of the Court
James Maccoun filed his bill in chancery setting forth that in the spring of 1841, being the owner of a tract of land in Hendricks county, Indiana, known as the east half, &c., he, through Peter Fry, sold said land to one George Fry, of Clark county, Kentucky, who was trustee for the wife and children of said Peter, for the sum of 1,500 dollars, to be paid, 500 dollars in hand, 300 dollars on the 25th of December, 1841, 300 dollars on the 25th of December, 1842, and 400 dollars on the 25th of December, 1843, with interest; that he received from said George Fry, by the hand of Peter, 510 dollars, and executed to George a bond to convey to him in trust for the wife and children of said Peter, the land mentioned, on receiving full payment; that he subsequently received a further payment of about 200 dollars; that the money paid, and to be paid, for said land, was part of a sum placed by the father of said Peter Fry in the hands of said George, in trust, to be by him appropriated for the use of the wife and children of said Peter; that said Peter, with his family, went into possession of the land under the title-bond, and enjoyed the rents and profits, worth 150 dollars a year; that the balance of the purchase-money was unpaid, and that George Fry, some years ago, departed this life and was succeeded in the office of trustee by Almanzer C. Ward, who, as such trustee, had a large amount of money in his hands, and of whom payment had been demanded upon the execution of a conveyance. The bill called particularly upon Peter Fry and wife to discover in their answer and say what amount of the purchase-money was still unpaid, and asked that a decree for payment and the sale of the land might be rendered.
Peter Fry and his wife Lucinda answered. They admit the purchase of the land by George Fry as trustee, &c., at the price of 1,500 dollars, and that 510 dollars were paid in hand. They charge that there was a mortgage on the land to the sinking-fund of 400 dollars, which was concealed at the purchase, but was subsequently assumed by Fry and deducted by Maccoun from the 1,500 dollars, the price of the land; “ and they further answer and say that George Fry, trustee as aforesaid, on the 9th day of April, 1842, paid to the plaintiff, out of the moneys which he held as aforesaid in trust for the said Lucinda Fry and her children, on said land-contract, and in part payment thereof, the further sum of 600 dollars; and the said plaintiff, with the intention of cheating and defrauding the said George Fry and Lucinda Fry, and her children, applied the same as a credit on an account which Peter Fry owed the firm of J. and R. C. S. Maccoun [composed of the plaintiff, James, and said R. C. S. Maccoun], without the consent of the said trustee, or the said children, or the said Peter and wife,” &c. They admit the death of George Fry, and the appointment of said Ward as his successor in the trust, who, they state, in April, 1845, paid upon said land-contract the further sum of 242 dollars. They assert that the trustee has already overpaid for the land, and pray that a deed may be decreed to him subject to said sinking-fund mortgage. They also state that the statute of limitations would be a bar, were anything yet due upon said land.
Ward answered so far as he was acquainted with the facts, which was but to a limited extent.
No replications were filed.
Depositions were taken, and the cause submitted to the Court, who found that a part of the purchase-money was unpaid, and decreed for the plaintiff accordingly.
The only principle of law involved in the case before
The decree is reversed with costs. Cause remanded, &c.
Reference
- Full Case Name
- Ward and Others v. Maccoun
- Status
- Published