Daugherty v. Merrifield

80 S.W.2d 72, 190 Ark. 537, 1935 Ark. LEXIS 92
CourtSupreme Court of Arkansas
DecidedMarch 11, 1935
Docket4-3767
StatusPublished
Cited by3 cases

This text of 80 S.W.2d 72 (Daugherty v. Merrifield) is published on Counsel Stack Legal Research, covering Supreme Court of Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Daugherty v. Merrifield, 80 S.W.2d 72, 190 Ark. 537, 1935 Ark. LEXIS 92 (Ark. 1935).

Opinion

Johnson, C. J.

Appellant, Evelyn W. Daugherty, and appellee Godfrey W. Merrifield were formerly husband and wife and appellee, J. B. Lambert, is now, and has been for the past several years, the business partner of Merrifield.

This suit was instituted by appellant in the Phillips Circuit Court against appellees, alleging a balance due as evidenced by a promissory note of date October 1, 1927, due and payable six years after date, drawing interest from date until paid at the rate of 7 per cent, per annum, of $2,000, together with $211 accrued interest thereon.

Appellees answered the complaint thus filed by admitting the execution of the note sued upon and affirmatively pleading the release and satisfaction thereof by an agreement of date June 12, 1929. A cross-complaint was also filed by appellees against appellant, alleging that under a mistake of fact they had wrongfully paid appellant upon said note the sum of $525.90, for which they prayed judgment.

The agreement plead by appellees as a release and satisfaction of said note is as follows :

“This agreement, made and entered into this the 12 th day of June, 1929, by and between Godfrey "W. Merri field, party of the first part, and Evelyn W. Daugherty, party of the second part, witnesseth :

“That, in consideration of the covenants and agreements hereinafter set forth to be kept by said party of the second part, party of the first part hereby agrees to cause to be conveyed to said party of the second part by good and sufficient warrant deed the following described premises, to-wit:

“Lot five (5), block six (6), in the city of West Helena, Phillips County, Arkansas, together with.all buildings and improvements thereon and all fixtures thereunto belonging; situated in the county of Phillips and the State of Arkansas. Also lot four (4), block six (6), in the city of West Helena, Phillips County, Arkansas, free and clear of all claims and incumbrances, except certain obligations to the Helena Investment & Home Building Association in the sum of four thousand dollars, the balance due on which the second party agrees to assume. This conveyance is to be made and said premises delivered to the party of the second part on or before June 15, 1929. The party of the first part further agrees to transfer to the party of the second part stock in the said building and loan association in the sum of four thousand dollars pledged as security for the indebtedness now on the premises hereinbefore described.

“Party of the first part further agrees to pay or cause to be paid one certain note for four thousand dollars and accrued interest, held by the State Bank Commissioner for the People’s Savings Bank & Trust Company of Helena, and to pay or cause to be paid one certain note of $4,000 and accrued interest held by the Interstate National Bank of Helena, and to surrender to the said party of the second part a certain note for five thousand dollars ($5,000) and deed of trust securing same now held by the Interstate National Bank of Helena as collateral security to secure the payment of said $4,000, note and interest, it being expressly agreed and understood that said party of the first part is to relieve said party of the second part from any and all liability to the said State Bank Commissioner and Interstate National Bank of Helena, and to surrender the said $5,000 note held by the Interstate National Bank and deed of trust securing same unto said party of the second part.

“Party of the first part further agrees to assign and deliver unto the said party of the second part $5,000 in notes and accrued interest thereon, secured by first mortgage on thirty acres of land located in section 36, township 1 south, range 3 east, in Phillips County, Arkansas, known as the ‘Chicken Farm’; said notes, however, to be indorsed without recourse on the payees. The party of the first part also agrees to transfer to the party of the second part a certain deed of trust on implements and equipment located on said chicken farm, in so far as same covers said $5,000 notes hereinabove referred to.

“Party of the first part further agrees to perform all the covenants and agreements by him herein agreed to be kept and performed within thirty days from this date.

“And, in consideration of the premises, said party of the second part hereby agrees that, upon the faithful performance by said party of the first part of the covenants and agreements by him herein agreed to be kept and performed, that she will deliver to said party of the first part one certain note for $6,000 secured by a lien retained on the premises herein described, and that she will cancel and surrender to said party of the first part when delivered to her the two notes held by the State Bank Commissioner as collateral security for the payment of said $4,000 so held by the said State Bank Commissioner, these collateral notes being one for $5,184 and one for $4,000.

“It is further understood and agreed between the parties that, upon due performance of the covenants herein contained by said parties hereto, that a certain suit now pending in the Phillips County Chancery Court, styled Evelyn W. Daugherty v. Godfrey W. Merrifield, and a certain snit styled Evelyn. W. Daugherty v. Godfrey W. Merrifield, J. B. Lambert and V. J. Haydell, will be dismissed with prejudice, and that any and all claims of every kind and character and description which the said Evelyn W. Daugherty has or may have against Godfrey W. Merrifield, J. B. Lambert and Merrifield and Lambert and B. J. Haydell will by these presents be fully released and cancelled, it being the purpose of this agreement that the due performance of these agreements will constitute full settlement of all rights and claims between the parties hereto and between Evelyn W. Daugherty and Merrifield and Lambert, J. B. Lambert and V. J. Háydell.

“Witness the hands of the parties hereto the day and year first above written.

“(Signed) G. W. Merrifield,

“Party of the first part.

“(Signed) Evelyn W. Daugherty,

“Party of the second part.”

Appellant filed an answer to appellees’ cross-complaint in which she admitted the payments on the note by appellees, but denied that they were made or paid under misapprehension of the facts, and she denied that the contract of June 12, 1929, had reference or relation to the debt as evidenced by the note in suit-; she denied that Lambert was either a party or privy to the contract of June 12,1929.

By way of amendment to their answer, appellees pleaded as res judicata certain litigations theretofore determined between appellant and appellee, Merrifield, in the chancery court of Phillips County.

The testimony on behalf of appellant tended to show that the debt evidenced by the note sued upon ,was not released or satisfied by the agreement of June 12, 1929; that certain payments had been made thereon subsequent to the execution of said contract,, and a letter was introduced which was admittedly written by appellees in reference to this debt as follows:

“September 29,1933.

“Mr. F. J. Daugherty, Oakland Avenue, Helena, Arkansas.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Wallace v. Hamilton
382 S.W.2d 363 (Supreme Court of Arkansas, 1964)
Lynch v. Garnes
301 S.W.2d 739 (Supreme Court of Arkansas, 1957)
Gowen v. Sullins
208 S.W.2d 450 (Supreme Court of Arkansas, 1948)

Cite This Page — Counsel Stack

Bluebook (online)
80 S.W.2d 72, 190 Ark. 537, 1935 Ark. LEXIS 92, Counsel Stack Legal Research, https://law.counselstack.com/opinion/daugherty-v-merrifield-ark-1935.