Kincaid v. Irvine

41 S.W. 963, 140 Mo. 615, 1897 Mo. LEXIS 265
CourtSupreme Court of Missouri
DecidedJuly 6, 1897
StatusPublished
Cited by10 cases

This text of 41 S.W. 963 (Kincaid v. Irvine) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kincaid v. Irvine, 41 S.W. 963, 140 Mo. 615, 1897 Mo. LEXIS 265 (Mo. 1897).

Opinion

Gantt, P. J.

This is a suit in equity to set aside a deed to eighty acres of land made by William E. Irvine to Jesse Irvine.

Plaintiffs are creditors of William E. Irvine who died soon after the execution of the said deed to his brother. They have had their claims, amounting in [618]*618the aggregate to $361.15, duly probated against his estate.

The bill charges fraud in the said conveyance in this, to wit, that said pretended conveyance was made without consideration or at least for a nominal sum compared with the value of said land and was fraudulent and void against creditors, as defendant well knew at the time; that said Willian R. Irvine was rendered insolvent by said deed and left no property out of which, plaintiffs’ judgments could be made other than said land. Defendant for answer denied all charges of fraud and ‘‘further answering says it is true that William R. Irvine, a short time prior to his death, conveyed to him by deed the real estate mentioned and described in plaintiffs’ petition, and that at the time said conveyance was made, the said William R. Irvine was indebted to one James D. Staley in the sum four hundred dollars and interest accrued thereon which indebtedness is secured by a deed of trust on said real estate and that he was also indebted to one W. B. Brashears in the sum of two hundred and ninety-one and 60-100 dollars and that.he, the said defendant, was security on the note given by said William R. Irvine to said Brashears evidencing said indebtedness.

“And that said William R. Irvine was also at said time indebted to defendant in the sum of four hundred and eighty dollars, with interest thereon from October, 1892, up to the time of said conveyance, and that at said time the said William R. Irvine was also indebted to James Irvine, a brother of said William R. Irvine and this defendant, in the sum of one hundred and twenty-five dollars and accrued interest and being so indebted as stated above, and desirous of protecting his said brothers, James Irvine and this defendant, in the said debts due to each of them respectively and in the indebtedness for which defendant was security for said [619]*619Wm. R. Irvine as stated above, be, tbe said William R. Irvine, in good faith made, executed and delivered sai d deed of conveyance which was in good faith accepted by this defendant.
“Defendant further answering says that the consideration for said deed was as follows:
' First. He, the said defendant, assumed the payment of the Staley, debt, secured by the deed of trust on real estate as above stated.
‘Secfind. He, the said defendant, assumed the payment of the debt due W. B. Brashears, on which indebtedness defendant was security for said Wm. R. as above stated.
‘Third. The indebtedness due from said Wm. R. to the defendant as stated above.
‘Fourth. The debt due from said Wm. R. to his brother James Irvine as stated above, which debt defendant agreed to pay and has since paid off and discharged.'
“Defendant says that he has also paid off and discharged the W. B. Brashears debt, and that his own debt against said William R. Irvine is paid off and canceled by said conveyance, and that he has paid a full, fair and reasonable price for said real estate, and that he procured said deed for the sole purpose of protecting himself and his said brother James Irvine in their bona fide debts due them from said Wm. R., and in the debt due from said Wm. R. to said W. B. Brash-ears on which defendant was his security, and that that was also the purpose of said Wm. R. in making said deed, and that there was no intention or design on the part of said Wm. R. or this defendant to defraud the creditors of said Wm. R. in making said conveyance, but that the same was in good faith made and accepted. And now having fully answered defendant asks to be discharged with his costs."

[620]*620The reply was a general denial. The court submitted to a jury the issue as to what was the true amount of the consideration of the deed from William R. Irvine to Jesse Irvine and whether.said consideration was fair and reasonable for such land. The jury by their verdict found that defendant agreed to pay $1,224.60 for the land and that said amount was a reasonable and fair consideration for the land. The court approved the finding of the jury and dismissed the bill.

The evidence tended to establish that the first and second items of the consideration for the deed pleaded in the answer were set out in full in the body of the deed, and there could be no question as to' the bona fide character of these two items, as' the record offered in evidence showed the . Staley deed of trust on the eighty acre tract to have been'given and recorded some months previous to secure the note for $400, which with accrued interest existed at the date of the conveyance under attack, and respondent assumed the payment of .the same.

The second item of the consideration was supported by the testimony of W. B. Brashears, a capitalist and money lender of Vandalia, Missouri, who testified that Jesse Irvine was security on a note for Wm. R. Irvine for money loaned Wm. R. Irvine by him (Brashears) which note Jesse Irvine afterward paid off amounting to the sum of $291 at the time of payment.

This note was exhibit number 6 .and was dated August 10,1891, payable to W. B.. Brashears, and was given for $250 due twelve months after date and bore eight per cent interest from date and was signed by William Irvine, and Jesse Irvine as surety.

The third item of the consideration was a note for $408 given by William R. Irvine to respondent, Jesse [621]*621Irvine, dated October 17, 1892, due sis months after date and bearing six per cent interest per annum from date. This note was exhibit number 7 and was shown to be signed by Wm. Irvine. And in addition proof of deceased’s signature was corroborated by the oral testimony of John Irvine and Otto Henderson.

The fourth item of consideration pleaded in the answer was supported by the testimony of James Irvine and others to the effect that William R. Irvine owed James Irvine, a brother, a note of $125 and as a part of the consideration for this land defendant also assumed that note and took it up. These last two items were not recited in the deed but plaintiff’s witness, Mr. Stewart, the notary who took the acknowledgment, testified that he stated to William R. Irvine when he executed the deed that the consideration included these items and he assented to it. John Irvine testified these four items constituted the consideration which Jesse Irvine agreed to pay for the land; that he was present when the agreement was made.

No effort whatever was made to impeach the integrity of the Staley or Brashears debts. The note for $408 held by defendant against W. R. Irvine was not seriously contested. It was admitted and read without objection or exception. There was quite a contest over the Jesse Irvine note of $125, but as already said the jury found it was a bona fide debt and was paid by defendant under his agreement with the deceased.

There was much evidence as to the value of the realty conveyed by the deed.

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Bluebook (online)
41 S.W. 963, 140 Mo. 615, 1897 Mo. LEXIS 265, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kincaid-v-irvine-mo-1897.