Phoenix & Third National Bank v. Cassell

224 S.W. 1073, 189 Ky. 341, 1920 Ky. LEXIS 428
CourtCourt of Appeals of Kentucky
DecidedOctober 19, 1920
StatusPublished
Cited by2 cases

This text of 224 S.W. 1073 (Phoenix & Third National Bank v. Cassell) is published on Counsel Stack Legal Research, covering Court of Appeals of Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Phoenix & Third National Bank v. Cassell, 224 S.W. 1073, 189 Ky. 341, 1920 Ky. LEXIS 428 (Ky. Ct. App. 1920).

Opinion

[342]*342Opinion op the Court by

Judge Settle

Reversing.

By a written contract, dated January 20, 1920, the appellees, Telitha E. Cassell, Maxwell Cassell, her son, Anna Belle Weathers, her daughter, Bertha J. Cassell, wife of the son, and John Weathers, husband of the daughter, sold and obligated themselves to convey, by deed of general warranty, to the appellant, Phoenix and Third National Bank, of Lexington, a certain parcel of real estate in that city, situated on the north side of Main street between th.e lot of the Phoenix Third National Bank and a lot occupied by the Victor Bogaert jewelry store, having a frontage of 25 feet on Main street and a depth of 113 feet to a lot in the rear of it occupied by the city fire department.' The recited consideration for the sale of the lot was $75,000.00, to be paid as follows: $7,000.00 on the delivery of the deed by the concellation and surrender to Telitha E. Cassell of a note of that amount, secured by a mortgage on the lot, owing by her to appellant. On the remaining $68,000.00 of the consideration appellant agreed to pay Telitha E. Cassell six per cent interest, in monthly installments of $340.00 each, during her life, and at her death to pay the principal of $68,-000.00, one-half to Anna Belle Weáthers, one-fourth to Maxwell Cassell, and one-fourth to John Weathers in trust for the benefit of Maxwell Cassell during his life, with remainder in fee at his death, to his children; all the deferred payments to be secured by the retention in the deed of a vendor’s lien for that purpose. The contract of sale also provided that appellant should pay for Telitha E. Cassell to the federal government any income tax with which she might be chargeable on the consideration received for the lot, with the right to deduct the amount of such income tax so paid, from, the $68,000.00 of the purchase price of the lot payable at her death.

By yet another provision of the contract appellant reserved the right to refuse to accept, when tendered by appellees, the deed whereby they were required by its terms to convey it the lot, unless such deed would pass to and vest in it as grantee “a clear, perfect and unencumbered fee simple title” to the property.

Within the time fixed by the contract of sale, appellees duly executed and tendered -to appellant, for its acceptance, a deed of conveyance to the real property in question, which, in terms, conformed to the stipulations of the contract; but the latter refused to accept the deed [343]*343on the alleged ground that it would not convey it a fee simple title to the property as covenanted by the grantors. Thereupon this action in equity was brought by appellees against appellant in the court below, setting forth the terms of the contract respecting the sale of the real estate, alleging its breach by appellant, and praying that the court compel its specific performance by the latter. The appellant by answer denied the right of appellees to the relief sought; set forth the. grounds upon which it refused to accept the deed of conveyance to the propérty tendered it by appellees, and alleged inability on the part of the latter to convey it a fee simple title to the property.

- The ease was submitted in the court below upon the petition, certain exhibits made parts thereof, the answer of appellant and'a general demurrer filed thereto by appellees. The circuit court being of opinion that the deed tendered appellant by appellees would have invested if with a fee simple title to the real estate in question, sustained appellees’ demurrer to the answer and compelled of appellant a specific performance of the contract as prayed in the petition. The latter complains of the judgment manifesting these several rulings and has appealed.

It appears from the record, and is conceded by appellant, that the appellee, Telitha E. Cassell, by reason of its devise to her by the will of her husband, Thomas L. C'assell, deceased, is the sole owner in fee simple of an undivided half of the real estate in question, the title to which, being a widow, she may alone convey; but that the title to the other undivided half of the property is in her for life, with remainder at her death, to her two children, Maxwell Cassell and Anna Belle Weathers; it being the appellant’s contention that the title of the children to the undivided half of the property in which the mother has a life estate is only a defeasible fee in remainder, but insisted by appellees that the title they take as remaindermen is an indefeasible fee, which was the view taken of the matter by the circuit court. So the question we are called upon to decide is, whether Mrs. Cassell and her children together with the wife and husband, respectively, of the latter, can jointly convey by deed an indefeasible fee simple title to the real estate contracted for by appellant. If so the judgment compelling the latter to accept the deed tendered by appellees and otherwise perform the contract of sale, correctly determined the rights of the parties.

[344]*344The title held by appellees as to that' half of the property here involved, was devised them by the will of Charles S. Randall, a brother of the appellee, Telitha E. Cassell, so much of which as relates to the devise to appellees being as follows: “Second:. I give and devise to my sister, Telitha Randall, for and during her natural life, with remainder to her children, an undivided’ one-half of my business hotise and lot of land situated on the northern side of htain street in the city of Lexington, Kentucky, it being bounded by the property of Quinn on the eastern side and by the property- of Curtis on the western. And I give to her said rosewood bedroom set of furniture and piano, ’ mentioned in the first clause hereof, which personal property shall be hers absolutely and without restriction. In the. event she dies without issue, the real property mentioned .'herein as devised to her for life, with remainder to her children, shall go' to and be equally divided among iny brothers and sisters who shall be living at that time, 'except Thomas Gr. Randall and A. P. Randall.”

The appellee, Telitha E. Cassell, was unmarried at the time the will of Charles S. Randall was executed and also when he died. After his death,- however, she married Thomas L. Cassell, who died some years later, .and the appellees, Maxwell- Cassell and Anna Belle Weathers, are the only children born of this marriage. Telitha E. Cassell is 67 years of age and her children each between 30 and 40 years of age, but whether either of them' has a child'or'children is not disclosed by the record.’ All the brothers and sisters of Charles S, Randall to whom his will devised the real property herein involved, in the event ’of Telitha Cassell’s death “without issue,” are now dead, but two of them, Thomas Gr. Rand.all and Mrs. Annie S. Reed, were survived by children; 'the former ,by three and the latter-two, all of whom are now living.

We may more sharply define, than as already stated, the issue between appellees and appellant by saying, that it is argued for the. former that the language of,the will: “In the event she dies without issue, etc., means if Mrs. Cassell died without having given .birth to a child or children, then the remainder over to the brothers and sisters of the testator or their children would take effect, but that as she did have issue, the title of the remaindermen was thereby made indefeasible; that is absolute, subject only to Mrs.' Cassell’s life estate. On the other hand it is arg'ued for the appellant that .the language of tlie will [345]

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Bluebook (online)
224 S.W. 1073, 189 Ky. 341, 1920 Ky. LEXIS 428, Counsel Stack Legal Research, https://law.counselstack.com/opinion/phoenix-third-national-bank-v-cassell-kyctapp-1920.