Jackson v. Edwards

22 Wend. 498
CourtCourt for the Trial of Impeachments and Correction of Errors
DecidedDecember 15, 1839
StatusPublished
Cited by23 cases

This text of 22 Wend. 498 (Jackson v. Edwards) is published on Counsel Stack Legal Research, covering Court for the Trial of Impeachments and Correction of Errors primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Jackson v. Edwards, 22 Wend. 498 (N.Y. Super. Ct. 1839).

Opinion

After advisement the following opinions were delivered i

By Bronson, J.

By the deed of July 6, 1835, from David S. Jackson to Benjamin B. Edwards and his wife, Edwards look a. life estate in one third of the share of his wife, with a lien or charge of $5000, on the remaining two thirds of the land, which sum he ,was authorised to raise by sale or mortgage of the property. All the residue of the estate passed to Mrs. Edwards for the joint lives of herself and husband, with a general and beneficial power of appointing the fee, either by deed or will, to be executed at any time during the coverture. Article relating to Powers, 1 R. S. 732, § 77, 79. If she died before her husband without executing the power, the estate was then limited to such of her children or other issue as might be living at the time of her death, or, if she left no issue, to her right heirs in fee. If she survived her husband she took the absolute fee.

Without an execution of the power of appointment by Mrs. Edwards, jt was, I think, impossible to make a good title to the property during the life time of the husband. Her children, who had a contingent remainder in fee, and who would take the estate in the event of her death, living the husband, and without an execution of the power, were not parties to the proceeding. The power was to be executed .either by deed or will, and neither the assent of Mrs. Edwards to a sale in her answer, nor her approval endorsed on the draft of the decree, can be regarded as a good execution of the power. Except by will, she could only execute it by an instrument duly acknowledged on a private examination, in the manner prescribed by law in relation to other conveyances by married women: and without such an acknowledgment, the statute expressly provides that the grant “ shall not be a valid execution of the power.” Powers, §, 113, 114, 117.

[509]*509As the sale, with the assent of Mrs. Edwards, was not a good execution of the power, the only remaining enquiry on this branch of the case, is, whether the sale was effectual to .destroy the contingent interest of her children. There is "some difficulty in saying that she had an absolute power of disposition within the meaning of the 81st section, for the reason that the power did not enable her, in her life time, to dispose of the entire fee. § 80, 85. Her husband had a life estate in one third of the property, and a charge upon •the residue, which were wholly beyond her control. And besides, the power did not extend to her own interest in the residue of the property for the joint lives of herself and husband. But if she had an absolute power of disposition, this was not a sale of the land for the satisfaction of her debts ; and without such a sale, or an actual execution of the power, her particular estate could not be changed into a fee, so as to defeat the contingent future estates limited to her children. §81. If the power was not extinguished by the partition sale, it might still be executed in such a manner as would defeat the title of the purchasers : and if the power was gone, the purchasers would take the estate subject to the contingent interest of the children, who, in the event of the death of their mother in the life time of her husband, would take an absolute fee in the land. So long, therefore, as the power remained unexecuted, the purchasers could not obtain, what .they expected to acquire, an indefeasible title to the property.

I shall not stop to enquire whether a court of equity could compel an execution of the power for' the benefit of the purchasers. They were not bound to accept a doubtful or merely equitable title. Seymour v. De Lancey, 1 Hopk. 436. Morris v. Mowatt, 2 Paige, 586. Although these chancery sales are not made with warranty, it is the established course and practice of the court, whenever any .objection is taken, if not in all cases, to refer it to a master to ascertain and report whether a good title can be made to the purchaser. It is the understanding of bidders, unless they are put on their guard at the time of sale, that they are to receive such a title as the court will approve. The in* [510]*510terest of venders, as well as purchasers, requires that such should be the rule. Property would not be likely to bring its fair value if it were understood that the purchaser was bound to accept a bad or doubtful title, or one which could only be perfected by a suit in chancery.

Until the deeds of appointment were executed by Mrs. Edwards, the vendors could not make such a title as the purchasers were bound to accept. The only remaining question on this branch of the case is, whether the purchasers were discharged by the lapse of time between the sale and the perfecting of the title.

The vendees made their purchases and paid ten per centum towards the price, in the expectation of receiving their deeds on the first day of March, 1837, or as soon thereafter as the decree should be enrolled. If the complainants were not bound to move sooner, they were at least bound to act when they were informed, on or about the first of April, that the purchasers refused to proceed on the ground that the title was defective. But, after procuring an order of reference and hearing the objections to the title before the master, they did nothing until the 27lh of November, when the order upon Mrs. Edwards was obtained, and her deeds of appointment were not executed until the 22d of December—nearly ten months after the sales were to have been perfected. This was, I think, such an unreasonable delay as should discharge the purchasers. They made no frivolous objections, and there was no obstacle in the way of a much more speedy decision upon the title. They were not bound to lose the interest on their money for ten or twelve months, and forego the opportunity of re-selling upon advantageous terms. It appears by the affidavid of Blood-good, who purchased two lots for $6000, that he could have obtained an advance of $600, on or about the first of May, if the title had been perfected, and that since the first of October following the lots would not bring more than $4500. The history of the times would warrant the belief of a much greater depreciation in the value of the lots. But we need not refer to the history of the times, nor was any affidavit necessary, to show, that the delay in perfecting the title [511]*511must have been-injurious to the purchasers. Whether they bought on speculation or not, every man must desire to have his property in such a condition that he can call it his own, and be at liberty to use or dispose of it at pleasure. So long as it remained uncertain whether the title would be perfected, the purchasers could neither take advantage of any advance in value, nor protect themselves against depreciation, by making re-sales. Few men would be willing to bid at a master’s sale, if they were bound to accept a conveyance after such a lapse of time, and when there had been no fault on their part.

It is worthy of remark, that the delay did not arise upon objections to the title which were ultimately overruled. The title was in fact defective until the deeds of appointment were executed. It was the business of the vendors, of whom Mrs. Edwards was one, and not of the vendees, to procure those deeds. That might, and should, I think, have been done immediately after the sale, so that the master would have been prepared to convey at the specified time.

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Bluebook (online)
22 Wend. 498, Counsel Stack Legal Research, https://law.counselstack.com/opinion/jackson-v-edwards-nycterr-1839.