McCarty v. Brackenridge

20 S.W. 997, 1 Tex. Civ. App. 170, 1892 Tex. App. LEXIS 28
CourtCourt of Appeals of Texas
DecidedOctober 19, 1892
DocketNo. 6.
StatusPublished
Cited by16 cases

This text of 20 S.W. 997 (McCarty v. Brackenridge) 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
McCarty v. Brackenridge, 20 S.W. 997, 1 Tex. Civ. App. 170, 1892 Tex. App. LEXIS 28 (Tex. Ct. App. 1892).

Opinion

COLLARD, Associate Justice.

This is a suit by J. T. Brackenridge, the appellee, against Martin McCarty and his wife Josephine McCarty, on a promissory note for $2500 and interest, and to foreclose a lien on parts of lots 7 and 8 in block 122 in the city of Austin, and the improvements thereon.

The petition alleges that the plaintiff is the owner and the holder of the note; and besides many explanatory allegations concerning the execution of the note and the transaction between Brackenridge and McCarty creating the alleged lien, the petition is in the usual form.

The following are the conclusions of fact and law filed by the presiding judge, upon which judgment was rendered for plaintiff according to the prayer in the petition, from which McCarty and his wife have appealed:

Findings of Fact. 1. That prior to August 1, 1883, defendant Martin McCarty and Page McDannell were partners, engaged in the wholesale liquor business in Austin, Texas, and that on or about said first day of August they by mutual consent dissolved said partnership, and by the terms of said dissolution said McCarty agreed to pay all the liabilities of *174 the partnership, amounting to about $17,000, and he took the stock and fixtures, worth about $22,000, and continued the business.

2. That a short time before said dissolution of said partnership said McCarty and his wife sold their homestead in Austin, Texas, to G-. W. Littlefield for $10,000, and said McCarty had received as part payment therefor said Littlefield’s purchase money note for $5000, which was valuable commercial paper.

3. That at the time of the dissolution of said partnership said McCarty agreed with said McDannell that after paying off the balance due on the homestead sold to Littlefield, he would use the remainder of the proceeds of the sale in his business to protect McDannell against his liability on said $17,000 firm indebtedness.

4. That about the time of said dissolution of partnership McCarty contracted for the purchase of the property in controversy from T. J. Moore and wife, of San Antonio, Texas, acting by their agent, M. B. Sweeney, in Austin, Texas, for $2500.

5. That after said dissolution, and before the consummation of said purchase, said McDannell objected to McCarty investing any of his means in a homestead until he had paid off the liabilities of said firm which he had assumed; whereupon McCarty and plaintiff entered into the followingparol agreement, to-wit: That McCarty should temporarily withdraw $2500 from his business and pay Moore and wife for the property, and have them make a deed to plaintiff, conveying the property to him, and that after thirty days from that time plaintiff would on demand advance to McCarty $2500 to replace the amount so withdrawn from his business, and that said deed was to be delivered to plaintiff, and he was to hold the deed to said property and have a lien thereon until McCarty repaid him the $2500 and interest, when he was to convey to McCarty.

6. That said McCarty’s business was in such a condition that he could not have permanently withdrawn the $2500 to pay for the property from his business without endangering the success of his said business and impairing his commercial standing; and the agreement he made with the plaintiff, as hereinbefore stated, enabled him to procure said property, subject to plaintiff’s lien thereon, without such results following.

'7. That on August 1, 1883, in pursuance of the aforesaid contract of sale between Moore and wife and McCarty, Moore and wife executed and had properly acknowledged a deed conveying said property to said McCarty, which, on the 3rd day of August, 1883, was by said T. J. Moore delivered to McCarty in said McCarty’s office in Austin, Texas, and said McCarty then and there paid said Moore for said property the sum of $2500 in cash, which he had just received from J. II. Raymond & Co.’s bank by discounting the aforesaid Littlefield note for $5000.

8. That said McCarty, soon after receiving said deed from Moore and wife to him, delivered the same to M. B. Sweeney, with instructions to *175 return it to said Moore and wife and get them to execute another in lieu thereof, conveying the property to plaintiff; which was done, and on the seventh day of August, 1883, said Moore and wife executed and had properly acknowledged a deed conveying said property to plaintiff, which they returned and caused to be delivered to said Sweeney, and which, about the middle of said month, was delivered to plaintiff and was duly recorded in the land records of Travis County.

9. That on the 24th day of August, 1883, plaintiff made the following endorsement on said deed:

‘ ‘ Know a,ll men by these presents, that Justin McCarty has on this 24th day of August paid me $2600, for which 1 am to make him a deed to the within property whenever he desires, and in the meantime this can be used as a basis of credit in the First National Bank for $2000, all expenses of making deed and acknowledging, etc., to be paid by McCarty.
“ J. T. Brackenridge.”

This endorsement was not a contract or agreement between plaintiff and McCarty, but was a voluntary statement in writing made by the plaintiff for the protection of McCarty in the event of plaintiff’s death before McCarty got the $2500 as agreed upon to replace the money withdrawn from his business to pay for said property, but McCarty knew this endorsement was on the deed before he got the money.

10. That on the 18th day of September, 1883, McCarty called on the plaintiff for the §2500 in pursuance of the parol agreement, and plaintiff caused the same to be paid to him by the First National Bank of Austin, which he used in his business.

11. That at the time of the receipt of the said §2500 as aforesaid said McCarty executed his promissory note for same, payable to said First National Bank, of which plaintiff was and is now president, with 12 percent interest and 10 per cent attorney fees, etc., which note was renewed for the same amount and on substantially the same terms November 20, 1883, and March 24, 1884. On January 27, 1887, the note of March 24, 1884, was renewed for same amount, payable thirty days after date, with same interest, etc., and made payable to J. T. Brackenridge, president, at the First National Bank, Austin, Texas.

The first of these notes has this statement in it: ‘1 Deed for lot where I live collateral security.” The last note, January 27, 1887, contains this statement: “ Purchase money for house and lot now occupied by Dr. Weisselberg, in the city of Austin, Travis County, Texas.” It was shown by proof that when the first note was executed McCarty resided on the property in controversy, and when the last note was made Dr. Weisselberg, as McCarty’s tenant, resided upon it.

12. That as between plaintiff and said bank, of whose board of directors plaintiff was and is president, it was understood that said agreement *176 between him and McCarty was his individual transaction, and he is liable to said bank for said $2500.

13.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Doak v. Casner
101 S.W.2d 1033 (Court of Appeals of Texas, 1937)
Brauch v. Freking
258 N.W. 892 (Supreme Court of Iowa, 1935)
Woods v. West
37 S.W.2d 129 (Texas Commission of Appeals, 1931)
Bagley v. Pollock
19 S.W.2d 193 (Court of Appeals of Texas, 1929)
Floyd v. Hammond
268 S.W. 146 (Texas Commission of Appeals, 1925)
Ketch v. Weaver Bros.
261 S.W. 380 (Court of Appeals of Texas, 1924)
First National Bank v. Zook
196 N.W. 507 (North Dakota Supreme Court, 1923)
Benavides v. Houston Ice & Brewing Ass'n
224 S.W. 385 (Court of Appeals of Texas, 1920)
Pipkin v. Bank of Miami
179 S.W. 914 (Court of Appeals of Texas, 1915)
Trammell v. Rosen
163 S.W. 145 (Court of Appeals of Texas, 1913)
Allender v. Evans-Smith Drug Co.
64 S.W. 558 (Court Of Appeals Of Indian Territory, 1901)
Johnson County Savings Bank v. Carroll
109 Iowa 564 (Supreme Court of Iowa, 1899)

Cite This Page — Counsel Stack

Bluebook (online)
20 S.W. 997, 1 Tex. Civ. App. 170, 1892 Tex. App. LEXIS 28, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mccarty-v-brackenridge-texapp-1892.