O'Reilly v. Platt

The plaintiffs and defendant, on the 3d day of October, 1902, entered into a contract in writing by which the plaintiffs agreed to sell and convey to the defendant the premises at 170 Amity street, Brooklyn, for the sum of $7,000, the defendant paying the plaintiffs the sum of $500 on account of said purchase. On the 20th day of October, 1902, on the plaintiffs’ tendering a deed under the contract, the defendant refused to accept the same on the ground that the plaintiffs did not have power under the will of their testator, Arthur J. Heaney, to convey the premises in question.

We think there is no reasonable doubt that the defendant is justified in his position. The will of Arthur J. Heaney provides, in its fifth paragraph:

“I give, devise, and bequeath to my executors hereinafter named all my real property and all the rest, residue, and remainder of my personal property of which I may die seised, in trust, nevertheless, for the following purposes: To continue the pawnbroking business now carried on by me at number 214 and 216 Atlantic avenue, in the said borough of Brooklyn, under the business ■style of ‘Arthur J. Heaney & Co.,’ until my son Arthur J. Heaney shall arrive at the age of twenty-five years, unless they, my said executors, should all agree that a sale of my said business before that time would be of benefit to my estate; then they shall have power to sell the same.”

The sixth paragraph of the will provides for the collection of rents, profits, and income, and for its disposition, and there is no other provision in reference to the sale of any of his property to be found in the will. The seventh paragraph provides that the trust estate shall terminate upon his son reaching the age of 25 years, and that all of his real property shall be distributed among his children. It also provides for the disposition of the personal property. The real estate in question is not used in the pawnbroking business, and we find no suggestion in the will of any intention on the part of the testator to *830give his executors a general power of disposing of his real estate. The power of sale relates, to “my said business,” and the only business mentioned was that of pawnbroker, doing business on Atlantic avenue, while the real estate here involved is located on Amity street. There does not seem to be a-ny ground whatever for the claim of the plaintiffs that they are authorized to sell this real estate, no condition of affairs is suggested in the will which would make the sale desirable, and the scheme of the will may be fully carried out by confining the power of sale to the business mentioned, and leaving the real estate to be disposed of according to its terms it the close of the trust period.

The defendant should have judgment for $500 and the costs of this action. All concur.