Hayes v. Kershow

1 Sand. Ch. 258, 1844 N.Y. LEXIS 458, 1844 N.Y. Misc. LEXIS 38
New York Court of Chancery·Decided January 31, 1844·Published·Cited by 1 cases

Opinion

The Assistant Vice-Chancellor.

The defendant interposes no objection to completing his contract of purchase, provided he can receive a perfect title.

This depends .upon the effect of the instruments executed by Thomas and James Swords to Mrs. Anderson and James Davidson, on the 11th day of December, 1807. If the covenant of the Messrs. Swords’ was binding and irrevocable by them, the , subsequent release of the trustees was unavailing to discharge it. And if by the true construction of those instruments, they are to be deemed as constituting but one deed, and that a conveyance in prcesenti; the subsequent purchasers from Mrs. Anderson are charged with notice of the rights of her grandchildren, and their title is subject to those rights.

First. As to the force of the instrument as a mere covenant for a future conveyance ; the counsel did not press its validity, and it qqnnot be maintained. It was a voluntary covenant, [261]*261without valuable consideration, in favor of the children which might be born of the then infant nephew and niece of the covenantors.

In the exercise of the discretion which courts of equity still have in decreeing the specific performance of agreements, they uniformly decline to enforce voluntary covenants.

Lord Eldon, in Ellison v. Ellison, (6 Ves. 662,) thus expresses the difference between such a contract when executed and when executory. “I take the distinction to be, that if you want the assistance of the court to constitute you cestui que trust, and the instrument is voluntary, you shall not have that assistance for the purpose of constituting you cestui que trust; as upon a covenant to transfer stock, (fee.; if it rests in covenant, and is purely voluntary, this court will not execute that voluntary covenant; but if the party has completely transferred stocks, &c., though it is voluntary, yet the legal conveyance being effectually made, the equitable interest will be enforced by this court.”

He repeated and enforced the distinction in Pulvertoft v. Pulvertoft, (18 Ves. 99;) and it has been acted upon frequently since, in the English Court of Chancery.

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Hayes v. Kershow, 1 Sand. Ch. 258, 1844 N.Y. LEXIS 458, 1844 N.Y. Misc. LEXIS 38 (N.Y. 1844).

1 Sand. Ch. 258 (Hayes v. Kershow) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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