Lockwood v. Walker

172 So. 359, 127 Fla. 20
CourtSupreme Court of Florida
DecidedFebruary 1, 1937
StatusPublished
Cited by4 cases

This text of 172 So. 359 (Lockwood v. Walker) is published on Counsel Stack Legal Research, covering Supreme Court of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lockwood v. Walker, 172 So. 359, 127 Fla. 20 (Fla. 1937).

Opinion

Buford, J.

The appeal in this case is from final decree in favor of complainant in a partition suit.

On the 30th day of June, 1913, Hugh Carter and Fannie. Carter, his wife, entered into a contract with W. F. Walker and W. P. Read whereby Carter agreed to deed to Walker and Read a two-thirds interest in 160 acres of land then his homestead and to allow them to exercise an option which he then held on certain other property. In consideration of this agreement on behalf of Carter, Walker and Read agreed to prospect all of the land for phosphate and in event the land showed a total tonnage of not less than Five Hundred Thousand tons and an over-burden not exceeding 45 feet, Walker and Reed would exercise the option which Carter held and take title to the land so that the title would vest an undivided one-third interest in each of the parties, respectively, Carter, Walker and Read.

Pursuant to that contract Walker and Read prospected the land and, finding it satisfactory, exercised the option, paying $6400.00 for the tract known as the Hallam tract and on August 11, 1913, conveyance of that land was made to Carter, AValker and Read, jointly. Under the provisions of the contract Walker and Read purchased the Blanchard lands. Conveyance of this was made to W. P. Read on October 3, 1914, and thereafter, by separate deeds, Read, joined by his wife, conveyed an undivided one-third interest to AA^alicer and Carter each respectively. In further pursuance of the contract Hugh Carter and his wife, Fannie Carter, conveyed to Walker and Read, jointly, an undivided two-thirds interest in and to the Hugh Carter homestead tract. Thus it was that in pursuance of the terms of the contract AValker and Read became vested each with the title to an undivided one-third interest in and to each of *23 the involved tracts of land and were from thence on tenants in common of the lands described.

Thereafter Read conveyed his one-third interest in the lands to Walker, and Walker, in turn, executed a declaration of trust declaring that he, the said W. F. Walker, was possessed of an undivided two-thirds interest in and.to the lands involved for the use and benefit of T'. G. Lockwood, the estate of M. A. Waldo, late of said County,, deceased, T. L. Wilson and of himself, the said Walker, and declaring that T. G. Lockwood, the estate of M. A. Waldo and T. L. Wilson owned and are entitled to receive at any time deed of conveyance to an undivided one-third interest in and to all of the lands and that W. F. Walker was entitled to receive and hold an undivided one-third interest in and to said lands. From the date of the conveyance from Read to Walker, Carter and Walker became tenants in common to the lands described and from the date of the declaration of trust Walker continued to hold title to an undivided one-third interest individually and to hold title to the other one-third for the use and benefit of the cestui que trustant named.

The contract of June 30, 1913, provided not only that the result above described should be accomplished, but it provided further that Walker and Read should further prospect and sell the land as phosphate-bearing property and that in the event of a sale Carter was to get one-third of the net profits accruing therefrom.

On August 16, 1930, Walker filed bill of complaint seeking to partition the land. In that bill of complaint the complainant was named as “W. F. Walker as Trustee for the use and benefit of Erie L. Wirt, as sole surviving executor of the Last Will and Testament of T. L. Wilson, also known as Thomas L. Wilson, deceased.” On October 22 *24 the bill of complaint was amended by adding thereto “W. F. Walker, individually”; as a party complainant, and strik-. ing from the bill as parties defendant W. F. Walker and Gladys H. Walker, his wife. Thereafter, the suit proceeded in the name of Walker as Trustee and Walker, individually, against the several defendants including Hugh Carter and Fannie Carter, his wife.

The answer filed by Hugh Carter and wife' admitted the conveyance of the lands as described but they set up the •terms of the initial agreement in bar of petition.

The tenth ground of the Answer is as follows:

“These respondents further answering say that in pursuance of said agreement, and at or about the time of the making thereof, these respondents, relying upon the good faith of the said complainant and the said W. P. Read, and upon the undertakings of the said complainant and the said W. P. Read to properly prospect said lands for phosphate and make sale of the same, actually conveyed to complainant and the said W. P. Read, by good and sufficient deed, an undivided two-thirds interest in the lands herein-before referred to as TIomestead’ lands, and the title thereto has never been reconveyed to these respondents, but these respondents say that the consideration for the conveyance by them of the said undivided two-thirds interest in said ‘homestead’ lands has wholly failed, inasmuch as the said complainant and those claiming under him have wholly and completely failed to carry out the terms of their said agreement to prospect and make sale of the whole of said lands, and these respondents hereby charge that all persons claiming by, through or under the said complainant and the said W. P. Read have had full knowledge of the terms and conditions under which the said undivided two-thirds interest, in said ‘homestead’ lands was conveyed by these respond *25 ents aforesaid, and of the failure of said complainant and the said W. P. Read, and those claiming under them to comply with said undertaking, and therefore neither the said complainant nor the said W. P. Read, nor any other person claiming by, through or under them, or either of them, is a bona fide purchaser of any interest in said homestead lands whatsoever, and all of them are charged in law and in equity with knowledge of the failure of consideration for the conveyance aforesaid; wherefore these respondents say that the said complainants are not entitled in law or in equity to have, hold or assert any claim to any right, title or interest in said homestead lands whatsoever.”

They then prayed for affirmative relief, as follows:

“For affirmative relief these respondents relying upon the statements of fact set forth in the foregoing answer respectfully pray that the deed executed by these respondents conveying to the said complainant W. F. Walker and the said W. P.

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Bluebook (online)
172 So. 359, 127 Fla. 20, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lockwood-v-walker-fla-1937.