First Nat'l Bank of South Pittsburg v. Jones

6 Tenn. App. 408, 1927 Tenn. App. LEXIS 163
CourtCourt of Appeals of Tennessee
DecidedFebruary 26, 1927
StatusPublished

This text of 6 Tenn. App. 408 (First Nat'l Bank of South Pittsburg v. Jones) is published on Counsel Stack Legal Research, covering Court of Appeals of Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
First Nat'l Bank of South Pittsburg v. Jones, 6 Tenn. App. 408, 1927 Tenn. App. LEXIS 163 (Tenn. Ct. App. 1927).

Opinion

SNODGRASS, J.

The defendants, Jones and AYalter, are the principals around which the trouble centers in this litigation, which, it seems, has grown with the neglect to get matters settled as they proceeded. It appears that sometime preceding the bill and cross-bill, which present the issues in this cause, Mr. Jones fell heir to certain responsibilities which culminated in two certain judgments against him in the circuit court of Hamilton county. One of these was in favor of the First National Bank of South Pittsburg, for the sum of' $266.26, and the other in favor of Moore & Darwin, for the sum of $305, together with costs incident, which for some reason he neglected to settle.

Subsequently Mr. Jones entered suit in the circuit court of Hamilton county against Mr. AYalter, for the sum of $4500 alleged to be duo him. The firm of Thomas & Thomas represented Mr. Jones in this suit, and Mr. Moore, the attorney for appellants in this case represented Mr. AYalter-, who had become a resident of Florida. This suit progressed to where it reached negotiations for a compromise, and an apparent agreement was reached whereby (as insisted by Mr. Jones) a proposition was made, that'if Mr. AYalter would pay him $700 and costs by February 20, 1925, he would accept the .same in satisfaction of his claim. Mr. Moore, attorney for Mr. AYalter, appeared at the office of Thomas & Thomas, attorneys for Mr. Jones, on Feb. *409 21, 1925 and tendered a draft for $715, amount of the agreed settlement with costs, in payment of what he insists was but a timely settlement of an agreed compromise that had theretofore been made and accepted. This was declined as not in conformity with Mr. Jones’ view, and besides, being threatened with the purpose of subjection to the satisfaction of the old decrees in the chancery court against J ones above referred to, did not tend to recommend it.

Thereupon the original bill in this cause was filed by the First National Bank of South Pittsburg, and Chas. C. Moore and O. P. Darwin in their former capacity as partners under the firm name of Moore & Darwin, as indicated in the caption, setting up the liability of the defendant Jones under these old decrees, and averring that on Feb. 23, 1925 an execution had issued in favor of the complain-ants for the full amount of said judgments, with interest and the costs of the cause amounting to. $33.95, which it was averred had come into the hands of J. W. Eldridge, a deputy sheriff of Hamilton county, Term., and was by him levied by service of garnishment upon the defendant John F. Walker, summoning the said John F. Walter to appear before the Clerk and Master of this court on the 28th day of February, 1925, at ten o’clock a. m., to answer as to what amount if any he was indebted to the defendant E. M.- Jones. The bill then set up the proceedings in the circuit court of Hamilton county in which the defendant Jones was suing the defendant Walter for the sum of $4500, averring that the said suit was still pending in said court. The bill averred that during the month of January, 1925, a settlement agreement had been entered into in said case between the defendants E. M. Jones and John F. Walter, by which it was agreed that the defendant John F. Walter would pay to defendant E. M. Jones the sum of $700 and the costs of suit in full settlement of all liability, and that it was agreed that defendant Walter should have until February 20, 1925 in which to make payment of said amount; that accordingly on the 21st day of February, 1925 counsel for the defendant Walter and the defendant Jones met to close up the settlement; that because counsel for defendant Walter represented the plaintiffs in this case he suggested that the defendant Jones consent to make a payment out of the recovery on the two judgments set out herein; that Jones’ counsel then consulted Jones as to whether or not he would authorize such payment to be made; that Jones refused to make such payment; that thereupon on Feb. 23, 1925 execution was issued as above stated upon complainants’ judgments, and garnishment served upon the defendant Walter, by service upon his agent and attorney. The bill avers that thereupon the defendant Jones undertook to repudiate the settlement, but wrote a letter intended for defendant Walter’, addressed to his employee at Daytona Beach, Florida, consenting to the settlement and *410 offering to close up tlie same, provided tbe money was paid to bim. or forwarded in sucb manner as to defeat tbe right of complainants to reach tbe same by process. It was further averred that the defendant Walter stands ready and willing to pay tbe amount of $700, with the costs of the pending suit, in fulfillment of his settlement. It was charged that the defendant Jones is insolvent at law and will defeat the complainants in the collection of their judgments, or embarrass or delay them, unless enjoined or restrained; that the position now taken by said Jones in repudiating his agreement to settle this lawsuit, and insisting that his suit in the circuit court is still prosecuted, unless the defendant Walter will conspire and collude with him to defeat the complainants in the collection of their judgments, hinders and embarrasses the remedy of your complainants by garnishment at law; that the defendant Walter while ready and willing to acknowledge his liability for the amount agreed upon, is hin-derd from doing so because of the position taken for defendant Jones, unless he can be protected against assignment and transfer by defendant Jones, and against the further prosecution of his said suit at law by defendant Jones, with the consequent annoyance and expense incident to the defense of same. The bill then, representing they were entitled to the same, sought an injunction to restrain the defendant Jones from .transferring, encumbering or otherwise disposing of his claim against defendant Walter, or from seeking in any way to defeat the rights of complainants to have satisfaction of the judgments out of the proceeds of said claim by repudiation of his agreement to settle, or in any other way, and averred that having jurisdiction for this purpose, they were entitled to have the defendant Walter, through his local agent, restrained from paying to defendant Jones the amount of said agreed settlement, and from further prosecution of the suit in the circuit court, and the claim as declared be declared to be subject to the execution at law levied thereon by garnishment, and that the said Walter be authorized by decree of the court to pay the amount into the registry of this court in satisfaction of the claim of the said B. M. Jones, and that such payment be declared -to be a satisfaction thereof, and that defendant Jones be perpetually enjoined from further prosecuting his said suit at law.

The bill charged that a fee of $175 had been agreed upon as the fee of Thomas & Thomas for their services in the circuit court. This it did not controvert, but sought only the subjection of the remainder, and stated that defendants Thomas & Thomas were made parties to the suit only for conformity, and that their right and interest in said fund be protected.

The bill further prayed for judgment against Jones in the amount of the former judgments, with interest, and that the interest of the *411 said Jones in the agreed. settlement be subjected and defendant Walter enjoined from making settlement with. Jones, and for general relief. Injunction was issued and served as prayed.

The defendant John F.

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Bluebook (online)
6 Tenn. App. 408, 1927 Tenn. App. LEXIS 163, Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-natl-bank-of-south-pittsburg-v-jones-tennctapp-1927.