Griffith v. Maxfield

51 S.W. 832, 66 Ark. 513, 1899 Ark. LEXIS 147
CourtSupreme Court of Arkansas
DecidedJune 3, 1899
StatusPublished
Cited by3 cases

This text of 51 S.W. 832 (Griffith v. Maxfield) 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
Griffith v. Maxfield, 51 S.W. 832, 66 Ark. 513, 1899 Ark. LEXIS 147 (Ark. 1899).

Opinion

Wood, J.

Appellant bought of the firm of Theo. Max-field & Bros., composed of Theodore, Edward, Charles, and John Fred Maxfield, a certain tract of land, for which he executed his promissory note for $600, with interest at the rate of ten per cent per annum, took the bond for title of Theo. Max-field & Bros., and went into possession under his purchase. Appellant paid the note, and was tendered a warranty deed, duly signed and acknowledged by Theodore Maxfield and his wife, which, after examination, he refused to accept. Appellant offered to surrender the possession of the land to Theodore Max-field, which was refused, and thereupon appellant brought this suit against Theodore and Charles Maxfield as survivors of the firm of Theo. Maxfield & Bros, to recover the sum of $650, as damages for the alleged breach of the bond for title.

The principal question in the case is: Was the deed of Theodore Maxfield and wife a compliance with the stipulations of the bond for title? The bond was in the usual form, and contained the following clause: “Now, if the said Theo. Max-field & Bros, shall make a good and sufficient title in fee simple to said W. R. Griffith, his heirs and legal representatives, to the above-described lots of lands, upon the payment of the above promissory note and the interest that shall accrue thereon, then this obligation shall be void; otherwise, to remain in full force and effect.” If the deed of Theodore Maxfield and wife conveyed to Griffith “a good and sufficient title in fee simple,” it fulfilled the express stipulation of the bond. Was it a good title?

Omitting unnecessary details, we will state only such facts as are required to make clear the rulings upon the objections urged in appellant’s brief to the title. In 1881 Theodore Max-field, who up to that time had acquired considerable real and personal property, gave to his three brothers, Edward, Charles W. and J. Fred, an interest in his mercantile and woolen-mill business, and entered into a partnership with them. Edward owned “a sort of working interest” at the time of the organization of the firm; but the other brothers, Charles W. and J. Fred, had no interest whatever, and the gift of Theodore to them was purely voluntary,—in consideration of love and affection. The firm dealt only in personal property, and their business continued unchanged until the 10th of January, 1883. During these years Theodore became the owner, in his own name and right, of a large amount of real estate, consisting of 4,000 acres of farming land and 500 town lots, which, Theodore says, they estimated to be worth $100,000 at the time the declaration of trust was made, on the 10th of January, 1888. The firm had no title to, nor interest in, any of the land, except a few unimportant tracts. A separate account, under the head “Real Estate,” was kept on the books of the firm, in which were entered all the purchases and sales of real estate made by Theodore. All the money which was received from either the firm’s business or Theodore’s real estate business was kept in one common depository, and, when Theodore took out money to pay for land, it was charged to him on his “real estate” account, and when he turned in any on the sale of the land, it was credited to him on his “real estate” account.

On January 10, 1888, Theodore, on his own motion, and without any consideration, had a declaration of trust prepared by his attorney, and it was signed by him and the other members of the firm. The provisions of this instrument, after describing the land and naming the parties, are as follows: “And whereas said parcels of land, although held in severalty by the said Theodore Maxfield as in fee simple, are in equity the property and estate of all the said above-named parties thereto, as tenants in common in the shares and proportions as follows, to-wit: Theodore Maxfield, an undivided four-eighths (|); Edward Maxfield, an undivided two-eighths (¡); Charles W. Maxfield, an undivided one - eighth (|) and John Fred Maxfield, an undivided one-eighth (%); the said lands having been acquired by the saidlabor and investment of all the said several parties hereto : Now, therefore, I, the said Theodore Maxfield, in consideration of the above recited, and the sum of one dollar to me in hand paid by the said Edward Maxfield, Charles W. Maxfield and John Fred Maxfield, the receipt whereof I do hereby acknowledge, do hereby declare and make known that I hold the above-described lands as follows, to-wit: An undivided four-eighths (j) in my own right, in fee; an undivided two-eighths (§) in trust for the above-named Edward Maxfield; in trust for the above-named Charles W. Maxfield an undivided one-eighth (#); .in trust for the above-named John Fred Maxfield an undivided one-eighth (|); hereby reserving and retaining to myself the right and power to sell and convey to any person or persons any and all of the above - described lands at such price or prices, and upon such terms, as I may deem proper and advantageous to myself and co-owners, the beneficiaries. In consideration of the provisions herein above recited, and of divers other good and valuable considerations us hereunto moving, we, the said Edward Maxfield, Charles W. Maxfield and John Fred Maxfield, beneficiaries in this instrument, hereby accede to and accept-the provisions and terms of this declaration of trust, and acknowledge our separate beneficial and equitable interests in the lands above described to be as above stated and set out.”

The instrument is signed by all of the parties,—Theodore, Edward, Charles W. and John Fred Maxfield,—and bears date January 10th, 1888.

In 1872 Theodore Maxfield and his brother, George R. Maxfield, purchased a tract of land, of which the lot in controversy was a part, and held possession of the same as tenants in common until March 4, 1887, when George Maxfield died intestate, leaving a widow and four minor children. But they did not reside upon the lot in controversy,—same was not the homestead. The firm of Theo. Maxfield & Bro., supra, was the principal creditor of the estate of George R. Maxfield, deceased. Charles W. Maxfield was appointed and duly qualified as administrator of the estate of George R. The interest of George R. Maxfield in the lands, including the lot in controversy, was sold by the administrator on the 30th of September, 1887, under an order of the probate court, to pay debts. The half interest of George R. in the lands owned by him and Theodore was appraised at $1,750, and was bought by Theodore for the sum of $2,100, and on the 9th day of January, 1888, under an order from the probate court, the administrator made him a deed to the land.

1. The first objection made by appellant to the deed of Theodore Maxfield and wife is as follows: “Because the evi-

dence shows that Charles W. Maxfield, the administrator, was interested in the purchase of the land which he sold at his administrator’s .sale.”

There is no such proof in the record. The facts that Charles W., the administrator, was a member of the firm of Theo.

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Bluebook (online)
51 S.W. 832, 66 Ark. 513, 1899 Ark. LEXIS 147, Counsel Stack Legal Research, https://law.counselstack.com/opinion/griffith-v-maxfield-ark-1899.