Clay v. Field
Clay v. Field
Opinion of the Court
This cause is submitted upon bill, amended bill, answers, exhibits, and proof, from which the following facts appear: In September, 1854, David I. Field and C. I. Field, brothers, residing in the state of Kentucky, formed a copartnership for the purpose of purchasing a cotton plantation in this state, slaves, mules, etc., to be conducted by D. I. Field, who was to reside on the plantation, and control and manage the same. Each party contributed one-half the capital stock, and each was to share equally in the profits and losses. In pursuance to this agreement, a plantation, slaves, mules, etc., were purchased. D. I. Field resided on the plantation, and managed the business up to his death, which occurred in September, 1859. D. I. Field died intestate, and left the defendant (now Mrs. Freeman) his widow, and the defendant D. I. Field, his only child and heir at law. Being then an infant, E. H. Field, another brother, was appointed administrator on the estate of D. I. Field. C. I. Field took the paramount control of the partnership property, but placed said E. H. Field in the immediate possession and control of the property, for the reason assigned by him, that the slaves would be better satisfied, and more easily, managed. Mrs. Freeman, the widow, then Mrs. D. I. Field, was with her son in Kentucky, when her husband died, and never afterwards came to this state. The crop of 1859 was gathered and sold and .applied to the payment of the debts of the firm. The business was continued by C. I. Field through the.years 1860, 1861, 1862, and commenced in 1863, but C. I. Field,[then in possession of the property, real and personal, both as surviving partner, and as administrator of D. I. Field, — E. H. Fieldhaving resigned his administration, and he having been appointed in his place,] being apprehensive that the slaves would leave and go to theUnited States army, took all but some of the women and children to Texas, and remained
“On or before tlio 1st day of January, 1858, tlio concern of David I. Field & Co. will bo owing 0.1. Field the sum of seven thousand three hundred and eighty-seven dollars and thirty-one cents, ($7,387.81,) for money advanced the concern, for payment of the Leach land, and cash advanced for the purchase of negroes in Kentucky, in the summer of 1856, to bear six per cent, interest from maturity to when due. This 28d day of December, 1856. D. 1. Field & Go. [deal.]”
“The concern of David I. Field & Go. is owing to O. I. Field the sum of five thousand six hundred and sixty-six and two-third dollars, ($5,666^,) it being that amount advanced by him of payment to Kirk balance on concern note, duo him 1st day of January last, lie is to be paid six per cent, for said amount from date until paid. This 2Oth March, 1857. David 1. Field & Co.”
“Due O. I. Field or order, the sum of eleven hundred dollars, ($1,100,) it being money this day advanced by paying to William Kirk, through his draft on Hewitt Norton & Co., of New Orleans. This 5Lh day of June, 1858. D. I. Field & Co.”
“Due 0.1. Field or order, one thousand three hundred and eighty-nine dollars and twenty-one one-hundredth dollars, ($1,289.29,) for value received on settlement to this date, June 18, 1859. D. 1. Field & Go.”
C. I. Field, after the death of D. I. Field, probated the one-half of the amounts staled in these written obligations against the estate of I), I. Field, but died without taking further steps to enforce payment of the same; but after Col. .Brutus J. Clay became the administrator, be took
It is insisted upon the part of the defendants, that if these obligations were not paid at the death of D. I. Field, that they were canceled by the negligence of C. I. Field as surviving partner to sell so much of the personal property, including, if necessary, the slaves, to pay off this indebtedness which it is insisted should have been done during the year 1860, wffien such property brought a high price, and before its destruction; that this personal property was then of much larger value than the •amount due on these obligations, and all other indebtedness of the firm. I am satisfied from the proof that this indebtedness did exist against the firm, but not against D. I. Field individually, and that all the attempted proceeding to collect the same against the estate of D. I. Field by a sale of the lands rvas based upon a mistaken theory, and without authority, and are consequently void. Upon the death of C. I. Field the title to-all the personal property, including the slaves, belonging to the firm, vested in C. I. Field, as surviving partner, whose duty it was to have sold so much of it, within a reasonable time, to pay off this and all other indebtedness against the firm. This he had the power to do, without the order or decree of any court, either publicly or privately, and if that was insufficient might have sold so much of the land as was necessary
It is insisted that the complainant should he considered as a mortgagee in possession, and only chargeable with the rents actually received. 1 am of opinion that as C. I. Field neglected to sell the personal property when he should have done so, and by which neglect it was wholly lost to the defendants, that complainant is not entitled to he considered as a mortgagee in possession, and only liable for the rent received. The cause must bo referred to a master to take and stale an account under the rules stated, and report the same to the next term of court. As 0.
Reference
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- 2 cases
- Status
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- Syllabus
- 1. PARTNERSHIP — -Bight op Survivor to Continue Business. The surviving partner in a cotton plantation, before the late war, not being authorized by the articles of copartnership, or the will of the deceased partner, was not authorized to continue the partnership business, after the death of the deceased partner, longer than was necessary to gather and sell the then growing crop.1 2. Same — Bight or Survivor to tiie Personalty. Upon the death of the deceased partner intestate, the title to the personal property, including the slaves belonging to the firm, vested in the surviving partner, for the purpose of being applied — First, to the payment of the partnership liabilities; secondly, for a division of the residue of any between the surviving partner and the personal representative of the deceased partner, according to the rights of each.1 3. Same — Liability of Survivor Accounting. It was the duty of the surviving partner to sell so much of the personal property, including the slaves, if necessary, to pay off debts due by the firm to himself or any other person, and to so apply it. Bailing to do so, and continuing the planting business on the plantation, and with the slaves and other personal property of the firm, he is liable to account for a reasonable rent for the land and hire for the slaves and personal property, after he should have sold so much of the property as was necessary to pay the debts against the firm, including the indebtedness to himself as a creditor of the firm; and was entitled to the crops raised during the time he was liable for rents and hire.1 4. Same — Title to PARTNERSHIP Realty. The legal title to the lands owned by the firm, they being equal partners, upon the death of the deceased' partner vested in the surviving partner and the heir at law of the deceased partner as tenants in common, subject to the dower right of the widow of the deceased partner out of one moiety of the land; but the equitable title to said land vested in the surviving partner, so far as the same was necessary to pay the liabilities of the partnership, including that due the surviving partner as a general creditor, or any balance due him on a settlement of the partnership accounts. The surviving partner had a right to sell the land, if necessary for said purpose, publicly or privately, and a court of equity would have compelled the heir at law to convey the legal title vested in him to the purchaser.1 {Syllabus by the Court.)