Burroughs & Collins Co. v. Floyd
Burroughs & Collins Co. v. Floyd
Opinion of the Court
The opinion of the Court was delivered by
This is an action to reform a deed, which conveyed only a life estate to the grantee, when, it is alleged, the intention *107 was to convey the fee; the necessary words of inheritance having been omitted by mistake or ignorance of the scrivener.
In 1877, Lewis H. Floyd executed and delivered to his son, Samuel Q. Floyd, the deed in question, which conveyed 427 acres for the consideration of $300. The deed was recorded in August, 1878.
In 1880, Samuel Q. Floyd conveyed 177 acres of the tract to Johnson, who conveyed the same to Burroughs & Collins Company. Defendants are the heirs of Lewis H. Floyd, who died in 1885.
Defendants denied the allegations of intention to convey the fee, and resisted the prayer for relief on the further grounds that the consideration of the deed had never been paid, and of plaintiffs’ laches.
According to the undisputed evidence, only about $100 of the consideration was ever paid. For the balance, Samuel Q. Floyd gave his father his note, which has never been paid. After the death of his father, the administrator of his estate sued him on the note, and he defeated a recovery thereon by pleading the statute of limitation.
Judgment affirmed.
Reference
- Full Case Name
- Burroughs & Collins Co. and Samuel Q. Floyd v. Matthew T. Floyd Et Al.
- Cited By
- 1 case
- Status
- Published
- Syllabus
- 1. Reformation of Instruments — Defense—Nonpayment of Consideration. — Equity will not reform a deed, conveying only a life estate, so as to convey the fee, where the grantee had failed to pay the entire consideration. 2. Reformation of Instruments — Persons Entitled to Reformation— Grantee — Nonpayment of Consideration. — A subsequent grantee seeking reformation of a deed to the original grantor, barred from relief in equity by his failure to pay the entire consideration, stands in the same shoes as such original grantor.