Lee v. Smith

46 S.E. 352, 54 W. Va. 89, 1903 W. Va. LEXIS 100
CourtWest Virginia Supreme Court
DecidedNovember 14, 1903
StatusPublished
Cited by4 cases

This text of 46 S.E. 352 (Lee v. Smith) is published on Counsel Stack Legal Research, covering West Virginia Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lee v. Smith, 46 S.E. 352, 54 W. Va. 89, 1903 W. Va. LEXIS 100 (W. Va. 1903).

Opinion

Millee, Judge:

On the 9th day of February, 1886, appellant borrowed, from appellee, two thousand and two hundred dollars, for which he executed to appellee, his obligation under seal, bearing the date aforesaid, payable three years after its date, with interest from the 20th day of August, 1887, interest having been paid thereon to that date. To secure the payment of this debt, with its interest as aforesaid, Lee, on the day first named, executed and delivered to Smith a deed of trust, whereby he conveyed to Thomas W. Harrison, Trustee, certain property situate in Harrison County, described as: A certain lot of ground and the buildings and appurtenances thereto belonging in the town of Clarksburg; and the interest of said Lee in a tract of four hundred acres of land, lying on Hew Creek, of which George H. Lee, his father, had died seized, and which had not then been [91]*91partitioned among the heirs, and others entitled thereto, appellant being one of the heirs.

It was and is provided in the deed of trust that if the party, of the first part should desire to dispose of his interest in said Hew Creek lands, before said single bill, should fall due, then upon his payment of three hundred dollars as a credit on the said single bill, the trust deed should be released by said Smith, as to the Hew Creek land. The trust further provides for a sale by the trustee of the property therein conveyed, upon default of payment of the single bill.

The debt not being paid at maturity, Lee, by his deed, bearing date on the 11th day of March, 1899, but acknowledged and delivered by him on the 30th day of March, 1899, in considerar tion of the sum of two thousand, four hundred and four and 96-100 dollars, granted unto appellee, Smith, in fee simple, without reservation of any kind, and with covenant .of general warranty, the said property, theretofore conveyed by him to said trustee, as aforesaid. The said consideration, $2,404.96, was and is the amount of money then due on said trust debt.

On the day last named Smith gave to Lee an option in writing, authorizing him to sell the property at any time prior to January 1, 1890, for any amount not less than the $2,404.96, with interest from the 11th day of March, 1889, and also agreed therein to sell the property to said Lee, on the same terms; and further agreed to make a proper deed or deeds of conveyance for said property, if sold, or purchased by Lee, according to the terms of the option, the time of which was after-wards extended by Smith until July 1, 1890. Ho part of the property was either sold or purchased by appellant under the option. A chancery suit was afterwards instituted in the circuit court of Harrison County by some of the heirs of said George H. Lee, or their assigns, for partition of the said Hew Creek lands. Appellee was a defendant therein; partition was made; and seventy-one and one-half acres of the lands, by metes and bounds, were allotted to appellee in fee and in sev-eralty. On the 18th day of December, 1891, appellee and wife, by their deed, conveyed the said house and lot in Clarksburg to Grace D. Lee, a sister of appellant, for the consideration of two thousand dollars; and on the 2nd day of September, 1891, by their deed, conveyed all the coal under-lying the said seventy-[92]*92one and one-half acres, (described in their deed as 76 acres) to Benjamin Wilson for seven hundred and sixty dollars. On the 8th day of February, 1892, appellee and wife, by their deed, conveyed the surface of their said parcel of land to Mary A. Smith for the consideration of seven hundred and sixty dollars; but in the last mentioned deed, the coal, oil and other minerals under said land were expressly reserved by the grantors. By their agreement in writing, bearing date on the 10th day of June, 1899, appellee and wife leased said land to the South Penn Oil Company for oil and gas purposes.

Appellant afterwards commenced his suit in chancery in the said circuit court of Harrison County, and, at the January Rules, 1895, filed his bill against appellee> but'the summons to the defendant vías directed to the sheriff of Jefferson County, where the defendant then resided, and was there served upon him. In his bill appellant alleges, in substance, that he obtained the loan from appellee as above stated; that he made his single bill for the same, and executed the said deed of trust, conveying the property hereinbefore described, to secure the payment of the debt at maturity; that when the debt became due, wishing to avoid a public sale under the deed of trust, he, by his deed of March 11, 1889, granted to said Cruger W. Smith in fee simple, for the consideration of the amount of the debt due, the property conveyed in trust to secure said debt; that said Smith delivered to him an option authorizing him to sell the property, and that the time of the option was extended by Smith at appellant’s request. Appellant sets out in his bill the sales by appellee to Grace D. Lee, Benjamin Wilson and Mary A. Smith, and charges that those transactions were fraudulent on the part of the appellee. Appellant further charges that appellee had committed a Laud upon him in the purchase of the Few Creek property by representing to appellant that said property was of small value, and not easily marketable; that said Smith had peculiar technical knowledge to know, and did know, that said land was especially valuable, and underlaid with rich veins of coal; and that appellee, by reason of his superior knowledge, obtained an unconscionable bargain from appellant, and, by said deed and transaction, acquired from appellant valuable property for a grossly inadequate consideration. The bill further alleges that said three purchasers, Lee, [93]*93Wilson and Smith, were and are innocent purchasers for value, without notice of any fraud on the part of appellee. The bill then prays that said Cruger W. Smith be adjudged and required to pay appellant the sum of two thousand dollars, with interest thereon from April 1, 1889, or twenty-seven hundred dollars, (as of the date of the institution of the suit), being the excess of the value of the property at time of its conveyance to Smith as aforesaid, over the amount due him from appellant on the debt. The bill is verified by the affidavit of the plaintiff.

Appellee filed his answer, denying therein all the material allegations of the bill. Depositions were taken and filed, by both appellant and appellee. At the September Term, 1896, the cause was heard by the circuit court of Harrison County upon the bill, answer, general replication thereto, exhibits and depositions; and thereupon the bill was dismissed, and the costs were decreed against the appellant. Prom this decree no appeal was ever allowed. It stands unreversed, and in full force and effect. More than two years having elapsed since its rendition, it is now final and conclusive.

At the March Rules, 1900, appellant filed another bill in the circuit court of Jefferson County against appellee, in which he sets out, substantially, as he did in his first bill, the said loan to Mm by Smith, the making of said single bill, the execution of the deed of trust, the making and delivery of said deed, conveying to said Smith the said property in fee simple; the execution by Smith of said option to him and the extension of the time thereof; the partition of the Hew Creek land, and the allotment to Smith of the portion conveyed to him by appellant as aforesaid; the sales to Grace D. Lee, Wilson and Mary A.

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Related

State Ex Rel. Smith v. Bosworth
117 S.E.2d 610 (West Virginia Supreme Court, 1960)
Jarrell v. Cole
215 F. 315 (Fourth Circuit, 1914)
Wood v. Browning
176 F. 273 (Fourth Circuit, 1909)

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Bluebook (online)
46 S.E. 352, 54 W. Va. 89, 1903 W. Va. LEXIS 100, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lee-v-smith-wva-1903.