Judkins v. Jamison

83 S.W.2d 793, 1935 Tex. App. LEXIS 638
CourtCourt of Appeals of Texas
DecidedMay 8, 1935
DocketNo. 9556.
StatusPublished
Cited by3 cases

This text of 83 S.W.2d 793 (Judkins v. Jamison) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Judkins v. Jamison, 83 S.W.2d 793, 1935 Tex. App. LEXIS 638 (Tex. Ct. App. 1935).

Opinion

MURRAY, Justice.

Appellee, J. T. Jamison, instituted this suit against appellants O. H. Judkins, J. L. Borroum, and T. P. Russell, as executors of the estate of R. R. Russell, deceased, seeking to recover upon a certain promissory note, dated October 20, 1932, for the principal sum of $5,553.37, and signed by O. H. Judkins as one of the independent executors of the estate of R. R. Russell, deceased.

•The cause was tried before the court without the intervention of a jury and resulted in a judgment in favor of appellee for the amount of principal, interest, and-attorney’s fees provided for in the note. The independent executors of the estate of R. R. Russell, deceased have prosecuted this appeal.

The trial judge made and filed the following findings of facts and conclusions of law:

“First: That the Russell-Coleman Oil Mill, a domestic corporation, on March 20th, 1922, executed and delivered to the plaintiff its promissory note of said date for the principal sum of Twenty Thousand Dollars, payable six months after the date bearing interest at the rate of ten per cent per annum from maturity, and at the time of its execution R. R. Russell signed a guaranty indorsed on the back of said note which was in words and figures as follows:
“ ‘Waiving presentment, demand, protest and notice, and for value received, I, we or either of us hereby guarantee the payment of this note according to its face and tenor.
“‘[Signed] R. R. Russell.’”
“Second: That on the 28th day of June, 1922, said R. R. Russell died leaving a last will and testament wherein O. H. Judkins, J. L. Borroum and T. P. Russell were named as Independent Executors, and that said will was duly probated on the 11th day of Sept. 1922, and all the persons so named as Independent Executors duly qualified as such and are now acting in such capacity.
“Third: That neither the principal- or the guarantor paid said note at the maturity thereof, but that on March 20th, *794 1923, the Russell-Coleman Oil Mill paid on said note the sum of Five Thousand Dollars; and that thereafter, these defendants in their capacity as Independent Executors made payments (and no other) to the plaintiff on said note as follows: March 20th, 1923, $600; September 25th, 1923, $300.00; January 7th, 1924, $150.--00; February 4th, 1924, $200.00; April 4th, 1924, $1,000.00; June 17th, 1924, $4,-000.00; April 17th, 1925, $500.00; June 5th, 1925, $4,000.00; June 5th, 1927, $3,-000.00 ; June 28th, 1929, $2,500.00. That the note sued on is in form a negotiable instrument. That there was no suit brought against the Russell-Coleman Oil Mill, and that no suit was ever brought on said $20,000.00 note against any of these defendants — though the same had been due for more than four years at the time of the execution of the note sued on in this cause.
“Fourth: I find that on.the 20th day of October, 1932, the plaintiff claimed there was due him by the Russell Estate an unpaid balance of'$5,553.57 and requested of defendant O. H. Judkins as Executor a note for that sum and that pursuant to that request the note sued on -in this cause was executed and delivered to the plaintiff, and that defendant Judkins at said time believed said sum to be the amount of the unpaid balance on said original note and that the estate was presently liable thereon, and intended that the note should become an obligation of the estate.
“Fifth: I find that on the 20th day of October, 1932, there was in fact an unpaid balance on said original note considerably in excess of $5,553.57, and that no usurious interest was embraced in the new note.
“Conclusions of Law.
“First: I conclude- that there was no failure of consideration, and that the note sued on is not affected by reason of usury.
“Second: That the note sued on being a negotiable instrument and considering • the partial payments by the Executors on said original note that it should be presumed that the executors in the discharge of their duty had found at the time of the execution of the note sued on that facts existed which made the estate liable in all respects as purports from the face of said note.
“Third: I conclude that since there is no statute requiring that executors plead the statute of limitations to claims presented that in the absence of fraud accident or mistake it was within the discretion of Independent Executors acting in good faith to waive the defense of the statute of limitation to the unpaid balance on the original note, and that by the execution of the note sued on the executors did waive the benefits of such statute and are. now by law estopped to plead it under circumstances shown by the evidence in this case.
“Fourth: That the note sued on was placed in the hands of the attorneys for the plaintiff for collection and suit under an agreement between the plaintiff and such attorneys that the latter should be paid as their compensation the attorneys’ fees as stipulated in the note.
“Fifth: I also conclude that the legal effect of the guaranty (in the event guarantor’s liability became fixed or acknowledged) obligated the guarantor to pay interest at the rate of, and as stipulated in the note.
“Sixth: I therefore conclude that the plaintiff is entitled to recover the principal, interest and attorneys’ fees according to the face of the note sued on.”
Thereafter, upon the request of appellants, the trial judge made the following additional findings of facts and conclusions of law:
“First: I find as a fact that the original note containing the guaranty of R. R. Russell had been due for more than Four Years — and in reality more than ten years before the execution of the note sued on — and that no evidence was offered on the trial showing that there was an obligation in writing signed by the defendants or either of them (prior to the execution of the note sued on) acknowledging the justness of the debt and promising to pay the same.
“Second: I also find that there was indorsed on the original- $20,000.00 note in-dorsements reading as follows: ‘Mch. 21st’ (meaning 1923) ‘received $600.00 Int. for six months’ ‘Sept. 26th, 1923, Rec’d. $300. interest to Dec. 15th, 1923’ ‘Jan. 7th. 1924 — Rec’d $150. Int. to Feb. 1-1924.’ ‘Feb. 5th Rec’d. $200. Int. to April 1st’ (Meaning April 1st, ■ 1924). However, these payments are the payments set out in the original findings.
“Third: I find that the Executors, some time after the maturity of the original note applied to the plaintiff to enter into an agreement whereby the rate of interest on *795 the whole obligation would be reduced to a basis of 'six or eight per cent per an-num, but that the plaintiff declined to agree to the same. — This proposition probably contemplated the execution of a new obligation expressing the reduced rate of interest — in the event the plaintiff had agreed to such reduced rate.
“Additional Conclusions of Law.

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Bluebook (online)
83 S.W.2d 793, 1935 Tex. App. LEXIS 638, Counsel Stack Legal Research, https://law.counselstack.com/opinion/judkins-v-jamison-texapp-1935.