Goodman v. McLennan

80 N.E.2d 396, 334 Ill. App. 405, 1948 Ill. App. LEXIS 354
CourtAppellate Court of Illinois
DecidedMay 4, 1948
DocketGen. No. 43,922
StatusPublished
Cited by1 cases

This text of 80 N.E.2d 396 (Goodman v. McLennan) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Goodman v. McLennan, 80 N.E.2d 396, 334 Ill. App. 405, 1948 Ill. App. LEXIS 354 (Ill. Ct. App. 1948).

Opinion

Mr. Justice Scanlan

delivered the opinion of the court.

Defendants appeal from a decretal judgment order of the Superior court of Cook county entered July 3, 1946. Some time prior to the appeal in the instant case we had before us an appeal from a judgment of the Circuit court of Cook county in the case of In re Estate of Hugh McLennan, Dec'd — Goodman v. McLennan, Executrix under the Last Will and Testament of Hugh McLennan, Dec'd, 322 Ill. App. 690 (Abst. Opinion. App. Den. by Supr. Ct., 386 Ill. 630). For a proper understanding of the two questions we arc deciding in the instant appeal we deem it advisable to incorporate in this opinion practically the entire opinion we delivered upon the appeal from the judgment of the Circuit court. It reads as follows:

“B. K. Gioodman filed a petition in the Probate court of Cook county against Katherine Howell McLennan, Executrix under the Last Will and Testament of Hugh McLennan, Deceased, by which he sought to recover certain certificates from the executrix which the latter had in her possession and which she claimed to be a part of the estate of McLennan. The executrix, as respondent, filed an answer to the petition and there was a hearing before the judge of-the Probate court. Petitioner offered ■ evidence in support of the petition, but respondent offered no evidence, contending that the case made out by petitioner was insufficient to justify a finding in his favor. A decretal judgment was entered in favor of petitioner which directed the executrix to turn over and deliver to him the certificates in question. An appeal was taken by respondent to the Circuit court, where there was a trial ele novo before the court and a jury and a verdict was returned against petitioner and in favor of the executrix. The trial court denied.petitioner’s motion for a new trial and entered an order dismissing* petitioner’s petition as amended. Petitioner appeals.

“The verified petition filed in the Probate court is as follows:

“ ‘Your petitioner, B. K. Gioodman, . . . respectfully represents unto this Honorable Court as follows:

“ ‘1. As of August 11, 1933, he executed an assignment to The Foreman-State National Bank of all of his right, title and interest as beneficiary or otherwise, under' or arising out of that certain trust agreement, dated January 24, 1933, executed by and between Continental-Illinois National Bank and Trust Comphny of Chicago, as Trustee, and Merchants and Manufacturers Securities Company, a corporation, Hugh McLennan (the decedent), Albert J. Weisberg, B. K. Goodman (your petitioner) and Continental-Illinois National Bank and Trust Company of Chicago in its individual capacity, as beneficiaries. Thereafter, The Foreman-State National Bank of Chicago conveyed all of its said right, title and interest to The First National Bank of Chicago, which held the same until March 25, 1939. As of March 25, 1939, The First National Bank of Chicago conveyed all of its said right, title and interest to Hugh McLennan.

“ ‘2. Pursuant to the said trust agreement of January 24, 1933, the said beneficiaries had caused to be deposited with and held by the Continental-Illinois National Bank and Trust Company of Chicago, as Trustee, subject to the terms of the said agreement, all Class B Preference Certificates of Beneficial Interest in the Chicago Produce District Trust issued pursuant to the provisions of that certain trust agreement, dated July 14, 1932, identified as Trust No. 29471, made by and between Hugh McLennan, B. K. Goodman and Albert J. Weisberg, as Grantors, Chicago Title and Trust Company, as corporate Trustee, S. J. T. Straus, Sidney H. Kahn and Henry R. Platt, Jr., as Produce Trustees, and S. W. Straus & Co., as Depositary, together with certificates representing 22%% of all common shares of beneficial interest in said Chicago Produce District Trust issued pursuant to the provisions of said trust agreement.

“ ‘3. In March, 1938, McLennan agreed, for good and valuable consideration, to purchase the said interest in said trust agreement of August 11,1933, from The First National Bank of Chicago as agent for your petitioner and thereupon to turn it and the certificates and stock involved over to your petitioner, who would then repay to him the purchase price. The said agreement was verbal and was entered into in Chicago, and was never rescinded or modified in any way. The consideration for the said agreement was the performance of services by your petitioner in behalf of McLennan, which services were actually performed by your petitioner in accordance with the agreement and to the expressed satisfaction of McLennan.

“ ‘4. As of March 25, 1939, The First National Bank of Chicago assigned to McLennan all of the right, title and interest which it acquired under the assignment bearing date of August 11, 1933, executed by B. K. Goodman, under or arising out of that said trust agreement dated January 24, 1933. McLennan purchased the said right, title and interest as agent for your petitioner, pursuant to the verbal agreement he had with your petitioner. The said interest is, therefore, not part of the estate of McLennan, but belongs instead to your petitioner.

“ ‘5. Tour petitioner claims ownership of the said interest under or arising out of the trust agreement of January 24, 1933, and of the Class B Preference Certificates and common shares of the Chicago Produce District Trust, which are the subject thereof. He herewith tenders to the executrix of the estate of Hugh McLennan the amount paid by McLennan in his behalf for the interest in the said trust agreement, certificates in common shares and tenders further interest at the lawful rate and costs, if any, all as may be determined by this court.

“‘Wherefore, your petitioner prays for the entry of an order or orders authorizing and directing the executrix to turn possession of the said interest, certificates and shares over to him, and authorizing and directing her, further, to execute and deliver to him any assignment or assignments or other instruments that may be necessary in connection with the transfer thereof to him, and for such other and further relief in the premises as shall be equitable and just.’

“Later the following verified amendment to the petition was filed:

“ ‘ (1) This Amendment to his Petition is filed pursuant to the order entered by this Honorable Court on November 8, 1940. Your petitioner incorporates herein by reference, with the same force and effect as if herein set forth in full, all of the allegations of his original petition and adds thereto this more specific statement of the time and nature of the consideration for the agreement made between your petitioner and the late Hugh McLennan.

“ (2) For some time prior to May, 1938, Hugh McLennan was defending a suit brought against him and others by Benjamin Weintroub and others and he feared early in 1938 that he would thereby be subjected to a substantial judgment. He, therefore, asked your petitioner’s assistance at that time in bringing about a settlement of the suit. He agreed in consideration thereof tó purchase the said interest in said Trust Agreement of August 11, 1933, from The First National Bank of Chicago, as agent for your petitioner, and thereupon to turn everything over to your petitioner, who would then repay to him the purchase price.

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

Related

Sun Life Assur. Co. Of Canada v. Stacks
187 F.2d 17 (Seventh Circuit, 1951)

Cite This Page — Counsel Stack

Bluebook (online)
80 N.E.2d 396, 334 Ill. App. 405, 1948 Ill. App. LEXIS 354, Counsel Stack Legal Research, https://law.counselstack.com/opinion/goodman-v-mclennan-illappct-1948.