Fant v. Brissey

141 S.E. 450, 143 S.C. 264, 1928 S.C. LEXIS 16
CourtSupreme Court of South Carolina
DecidedJanuary 26, 1928
Docket12363
StatusPublished
Cited by10 cases

This text of 141 S.E. 450 (Fant v. Brissey) is published on Counsel Stack Legal Research, covering Supreme Court of South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Fant v. Brissey, 141 S.E. 450, 143 S.C. 264, 1928 S.C. LEXIS 16 (S.C. 1928).

Opinion

The opinion of the Court was delivered by

Mr. Justice; Cothran.

Appeal from an order of his Honor, Judge Grimball, overruling a demurrer to the complaint and refusing a motion for an order requiring the complaint to be made more definite and certain.

The action is to recover from the directors of the closed People’s Bank of Anderson balances due by it, as trustee of Davis Fant, $4,035.69, and as trustee of Prue Fant, $1,-089.12, with interest. The ground of liability claimed is irregularities in loans made by authority of the Board of Directors to Lee G. Holleman, then president of the Bank, of the funds of said trust estates.

*268 The controversy may be understood from the following facts alleged in the complaint, which for the purposes of the demurrer, may be assumed to be true :

In 1902 O. IT. P. Fant died, leaving a will which has been duly admitted to probate in Anderson County; he devised certain property to his executor, Handy Fant, in trust for his two sons, Davis Fant and Prue Fant; Handy Fant died and W. C. Fant qualified as his executor; upon the death of Handy Fant, executor of O. PI. P. Fant’s will, and trustee of Davis Fant and Prue Fant, the People’s Bank was appointed administrator de bonis non cum testamento annexo of the will of O. H. P. Fant, on July 16, 1919, succeeding in said capacity to all the liabilities of Handy Fant, both as executor and as trustee of Davis Fant and Prue Fant, under the will of O. IT. P. Fant; after the death of Hand)'' Fant, the qualification of W. C. Fant as executor of his will, and the appointment of the People’s Bank as administrator and trustee under the will of O. IT. P. Fant, after July 16, 1919, and before May 3, 1921 (the date not appearing in the complaint), the People’s Bank received from W. C. Fant, executor of the will of ITandy Fant, money, bank stock, mill stock, etc., aggregating $10,000.00, as substituted trustee of Davis Fant, and money, stocks, etc., aggregating $3,600.00 as substituted trustee of Prue Fant; on January 5, 1923, the People’s Bank was placed in the hands of the State Bank Examiner for liquidation as an insolvent bank; on August 25, 1924, by order of Court, the People’s Bank, in its capacity as administrator and trustee under the will of O. H. P. Fant, was removed, and on August 26, 1924, the plaintiffs, Bertha A. Fant and Harriet M. Fant, were appointed and qualified, as administratrices and trustees under said will, successors of the People’s Bank; the plaintiffs have received upon account $1,529.31 as trustees of Davis Fant, and $412.88 as trustees of Prue *269 Fant, out of the sale of certain real estate pledged by Lee G. Flolleman, leaving a balance of $4,035.69 due the trust estate of Davis Fant, and $1,087.12 due the trust estate of Prue Fant, with interest, we assume, from the date of the sale, January-, 1926.

The defendants interposed a demurrer to the complaint upon the several grounds stated, and also gave notice of a motion for an order requiring the plaintiffs to make the complaint more definite and certain by stating the causes of action separately.

The demurrer was overruled and the motion was refused in a short formal order by his Honor, Judge Grimball, and from it the defendants have appealed upon grounds stated in the exceptions.

In the view which we take of the fourth ground of demurrer, it will not be necessary tó consider any other than the first exception, nor do we think -it necessary to detail the grounds upon which the plaintiffs’ alleged cause or causes of action are based, or to discuss the motion.

The fourth ground of the demurrer charges an improper joinder of two separate and distinct causes of action; one by the plaintiffs as trustees of Davis Fant, and the other by them as trustees of Prue Fant, against the directors of the People’s Bank, for alleged misconduct in connection with a loan out of the trust funds of the separate trust estates, in each instance a tort which resulted in a loss to the estate.

If nothing else appeared in the complaint than the allegation that O. H. P. Fant devised certain property to his executor as trustee of his two sons, Davis Fant and Prue Fant, there would be something in the contention that the trust was a single trust, the beneficiaries being jointly interested therein, but there are many allegations in the complaint inconsistent with this theory; in fact, which definitely dispel it, and make it sure that a certain interest was de *270 vised in trust for each of them, in which the other was not at all concerned.

In the second paragraph of the complaint the interests are referred to as trust estates, and the beneficiaries, as several; in'the fourth paragraph it is alleged that the Bank received, for the interest of the beneficiaries, respectively, from the executor of the former trustee, “moneys, bank stock, mill stock, etc., in the aggregate of $10,000, for A. Davis Pant, and moneys, mill stock, etc., in the aggregate of $5,600, for T. Prue Pant"; in the fifth paragraph, it is alleged that Flolleman, president, “borrowed funds from the Bank from the trust funds aforesaid”; in the eighth paragraph it is alleged that by authority of the resolution of the directors of May 3, 1921, Holleman borrowed from the Bank “the trust fund held by said bank for T. P. Pant the sum of $1,500 and from the bank the trust fund'held by said bank for A. Davis Pant, the sum of $5,565"; in the ninth paragraph it is alleged “that out of the proceeds of said land, plaintiffs, as administratrices and as trustees as heretofore alleged, received for A. Davis Pant the sum of $1,529.30, and for T. P. Pant the sum of $412.88, leaving a balance due for A. Davis Pant of $4,035.69, and a balance for T. Prue Pant, of $1,087.12, to which extent, respectively, the trust estates and the plaintiffs, as administratrices and trustees, have been damaged; in the eleventh paragraph it is alleged that the Bank had been removed as trustee of the alleged trust estates, and that the plaintiffs have qualified as trustees of said trust estates “of T. P. Fant and A. Davis Fant, respectively"; in the thirteenth paragraph it is alleged that the defendants in certain detailed particulars breached their trust and wilfully and negligently caused a loss to said trust estates in the sum of $1,089.12 for T. P. Fant and in the sum of $4,035.69 for A. D. Fant.”

It appears that the plaintiffs went as far as they could have gone in demonstrating that the trust estates were sep *271 arate and distinct, and that neither beneficiary was at all interested in the estate of the other.

The tort complained of is detailed in the thirteenth paragraph of the complaint, to which reference may be had. It may have produced injury to many, each of whom would have a distinct and separate cause of action in the absence of a community of interest of two or more.

The rule is thus stated in Pomeroy’s Remedies, § 231, quoted in Hellams v. Switzer, 24 S.

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Cite This Page — Counsel Stack

Bluebook (online)
141 S.E. 450, 143 S.C. 264, 1928 S.C. LEXIS 16, Counsel Stack Legal Research, https://law.counselstack.com/opinion/fant-v-brissey-sc-1928.