Frost Manufacturing Co. v. Springfield Foundry & Machine Co.
This text of 79 Mo. App. 652 (Frost Manufacturing Co. v. Springfield Foundry & Machine Co.) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
In June, 1897, the plaintiff herein had pending in the Greene circuit court against the defendant herein, a suit on an open account for $421, which- it was about to press to judgment. The attorneys of the parties, E. S. Heffernan, Esq., for plaintiff, and Thomas J. Delaney, Esq., for defendant, on June 8, 1897, by consent of their respective clients, got together and by the aid of McLain Jones, made an adjustment of the matter, by which- plaintiff assigned its claim or account to Jones and took from the defendant its promissory note for $219.60, due in one year after date, and from Jones a check for $219.60 (afterwards cashed). Jones also executed and delivered to Heffernan in trust for the Erost Manufacturing Company (plaintiff) a general warranty deed to two lots in Smith’s fourth addition to the city of Springfield, Missouri, for an expressed consideration of $219.60. The deed, after the granting clause, contains -the following recital: “In trust for the following, purposes, whereas the Springfield Foundry and Machine Company is indebted to the Frost Manufacturing Company of Galesburg, Ill., [655]*655in the snm of two hundred and nineteen dollars and 60-100 dollars evidenced by a note given this day, 8 per cent; now if the said note is paid at maturity the said Heffernan is to reconvey said property to the grantor herein, otherwise he is to convey it to the Erost Manufacturing Company, in full payment of said debt, the said Jones is not responsible in any way for the payment of this note.” After the assignment of the account to Jones, he took security from the Springfield Foundry and Machine Company for its payment. The note described in the Jones deed was not paid at maturity. Heffernan did not convey the lots to his client, nor did Jones or the Springfield company offer to pay the note and demand of Heffernan a conveyance back to Jones. Suit was brought on the note; Heffernan tendered a deed conveying the lots back to Jones, which he refused to accept. A trial was had before the court sitting as a jury. Judgment was given for defendant, from which plaintiff duly appealed.
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79 Mo. App. 652, 1899 Mo. App. LEXIS 340, Counsel Stack Legal Research, https://law.counselstack.com/opinion/frost-manufacturing-co-v-springfield-foundry-machine-co-moctapp-1899.