Brooks v. Todd

1 Handy 169
CourtOhio Superior Court, Cincinnati
DecidedDecember 15, 1854
StatusPublished
Cited by2 cases

This text of 1 Handy 169 (Brooks v. Todd) is published on Counsel Stack Legal Research, covering Ohio Superior Court, Cincinnati primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Brooks v. Todd, 1 Handy 169 (Ohio Super. Ct. 1854).

Opinion

Gholson, J.

There are two grounds on which the present motion is rested: 1. That the charge of a fraudulent disposition of property is untrue. 2. That the present action is founded on a judgment rendered by a Justice of the Peace; that in the course of the proceedings before the Justice, the same charge was made, and decided not to be tenable, and the order of attachment issued upon it was discharged. It is, therefore, claimed that both the present action and the order of attachment issued in it, are vexatious and should be dismissed.

Upon the first ground, affidavits have been offered, on the part, both of the defendants making the motion to discharge, and of the plaintiff by whom it is resisted. No exception has been taken to the sufficiency of the affidavit, on which the order of attachment issued, and the propriety of the order is now to be tested, on the facts disclosed by the affidavits.

On the 19th of March 1854, the defendant W. F. Todd purchased a drug store from H. Bishoprick for $5000. Of the purchase money $1000 was paid, the balance, $4000, was secured by notes endorsed by G. it. Todd, the brother of the defendant. Of the $4000 thus secured $1000 has been since paid. It appears from a statement filed with the affidavit of G. It. Todd, that prior to the purchase from Bishoprick, whether in the expectation of such a purchase or not, is not shown, articles were bought of Gilbert Mentz & Co. on the 1st and 11th of February, 1854, and of Jules Heane on the 11th, to the amount of [171]*171$2228.18. Of this amount there appears to have been paid $847.48. In addition to the stock thus originally bought, amounting in all to $7223.18, subsequent purchases were from time to time made, as shown by the same statement, to the amount of $2578.85. Of these later purchases all, except. $746.24, appears-to have been paid. The statement shows, that since the purchase from Bishoprick, and not including the $1000, then paid, there has been paid on purchases $3680.09. Of this, it is claimed, that G. R. Todd furnished in cash loaned $1196. 77, leaving to have been paid from the sales or otherwise $2483.82. What were the expenses; what the actual sales; what losses, if any, were sustained during the period of about seven months, the business was carried on, is not stated, and no books appear to have been kept.

On the 23d of October 1854, W. F. Todd sold, the drug store to his brother G. R. Todd, the consideration of the sale being that G. R. Todd was “to pay all the- debts due on account of the concern.” No invoice of the goods sold was made; no exact statement of the debts assumed, their amount, or to whom due was then made; nor, indeed, is yet furnished.

If I were to consider this case on the affidavits of the defendant alone, it would appear that W. F. Todd, being in doubtful circumstances, and a loss to his creditors being anticipated, made an assignment or sale to secure some in preference to others. In such a case the law of this State is now fully settled, by the highest authority, that the transaction must be free from any just suspicion, as to its entire fairness and honesty. In several of the States such a preference is now prohibited by statute. We have not yet gone so far; but to justify a transaction in itself [172]*172deemed unjust, the most scrupulous good faith in other respects is required. The parties are required to look with an eye single to the object intended, a fair sale or security, to satisfy or provide for the debt to be preferred, and they must take care that no unjust or unnecessary hindrance or delay be offered to the rights of others. The language of our Supreme Court in Fassett vs. Faber, 20 Ohio 540, 545, on this subject is emphatic and strong. "A creditor has a right to secure himself by obtaining a lien on the property of a failing debtor; and if done fairly, he may thus obtain a preference over other creditors. The creditor must act solely for the purpose of securing himself, without interposing any barrier to the rights of others, except such as m.ay be necessary to effect that object.”

According to these principles and looking at all the facts and circumstances appearing in this case, I do not see how the sale from W. T. Todd to his brother G. R. Todd can be sustained ? I should find difficulty in sustaining any sale of goods made to prefer one creditor to another, where there was even a probability that the goods sold exceeded in value the consideration, if such- sale were made, as this was, on a conjectural estimate of amount and price, no invoice taken, even the estimate made, if applied to specific articles, not preserved or at least not exhibited; vendor and vendee, and they brothers, looking over the goods, and for aught that appears, preserving only in their own minds, the estimate placed on the different articles : and those articles, in number such as would be likely to form the stock of a drug store. And, then, if the value of the thing sold were fixed, there is doubt and uncertainty as to the consideration to be paid. "All [173]*173debts due on account of the concernno statement of those debts being made, no definite time for their payment being fixed, no proper evidence of their assumption being taken, is certainly an unsatisfactory showing to be submitted to creditors not provided for, of the consideration of a sale, taking from them a fund, on which they had relied, for the payment of their just claims. Indeed, if G. R. Todd incurred no liability for the debts assumed, except from his promise to pay them, his brother W. F. Todd still remaining liable for the debts, the only ground on which he would be held liable, there being no agreement in writing, would be in respect of the goods placed in his hands by the sale. And, in this view, an important question might arise whether if the goods did not yield a fund adequate to the payment of the debts, he would be liable at all; for it has been held, that in this class of cases to escape the effect of the statute of frauds, the promise must not exeed the consideration. Thomas vs. Williams, 10 B. & C. 21 E. C. L. R. 143.

I need not, however, press this view of the case, for in looking further into the testimony, there are other circumstances unexplained, showing that the'transaction was not consistent with the just rights of creditors, and must from its very nature have improperly operated to their hindrance and delay. From the testimony offered, no other conclusion can be formed, than that G. R. Todd at the time of the purchase was in circumstances of insolvencjr, or at least in no position to add to the security of creditors, by taking the property of their debtor, and substituting his assumption to pay their claims at some indefinite period in the future. He was a near relative of the debtor, and, though it does not clearly appear in what [174]*174relation, was in some way connected with the management of the business. The case, then, appears to fall within that class of which there have been too many, of sales to an irresponsible relative or clerk, cither on a protracted credit, or, as in the present case, on an indefinite assumption of the payment of the claims of creditors. In these cases there is a creation of a capacity to purchase on the part of the vendee, which would not otherwise exist; this capacity is created, as he is bound to know, at the expense or at the risk of creditors. It may be a benefit to him, such may be one of the motives, and men may mislead themselves into a belief that it is fair and proper.

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Related

Walker v. Walker
4 Ohio N.P. 324 (Darke County Court of Common Pleas, 1897)
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35 Ohio St. (N.S.) 645 (Ohio Supreme Court, 1880)

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Bluebook (online)
1 Handy 169, Counsel Stack Legal Research, https://law.counselstack.com/opinion/brooks-v-todd-ohsuperctcinci-1854.