Price v. Craig

143 So. 694, 164 Miss. 42, 1932 Miss. LEXIS 218
CourtMississippi Supreme Court
DecidedOctober 17, 1932
DocketNo. 30113.
StatusPublished
Cited by14 cases

This text of 143 So. 694 (Price v. Craig) is published on Counsel Stack Legal Research, covering Mississippi Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Price v. Craig, 143 So. 694, 164 Miss. 42, 1932 Miss. LEXIS 218 (Mich. 1932).

Opinion

*46 Cook, J.,

delivered the opinion of the court.

Mrs. M. E. Price, the appellant herein and complainant in the court below, filed a bill of complaint in the chancery court .of Le Flore county, against Mrs. Annie Louise Craig, the sole legatee and devisee under the last will and testament of the appellant’s husband, T. P. Price, deceased, seeking to cancel a quitclaim deed executed by her conveying to Mrs. Craig all her right, title, and interest in and to the estate of her deceased *47 husband, and to recover from the said Mrs. Craig one-half of her husband’s estate. Mrs. Craig filed an answer to the bill of complaint and made it a cross-bill, praying that her title to the property involved be confirmed. The appellant answered the cross-bill and included therein a general and a special demurrer, both of which were overruled. On the final hearing of the case, a decree was entered dismissing the original bill and granting the relief prayed for in the cross-bill, and from this decree, this appeal was prosecuted.

The bill of complaint alleged that the appellant, complainant herein, is the widow of T. P. Price, deceased, and that at his death he was the owner and in possession of certain valuable real estate located in Greenwood, Le Flore county, Mississippi, occupied by him and the appellant as a homestead, and also certain personal property consisting of household goods, money in bank, etc.; that the said T. P. Price had been married previous to his marriage to the appellant, and that his first wife died intestate in the year 1929'; that the said T. P. Price and his first wife during their lifetime entered into a contract, dated August 6, 1927, and duly recorded in the deed records of Le Flore county, whereby they undertook, for a consideration named therein, to contract to vest in the appellee, Mrs. Craig, at the death of the longest liver of them, the title to the real property then owned by them, and particularly described in said contract, and also the title to all other property, real and ■personal, whereof the longest liver of them should die seized and possessed; and that this contract was performed by T. P. Price, prior to his death, by the execution of a will in which the appellee was the sole beneficiary.

The bill further alleged that this will was placed in the hands of the appellee, but had not been probated at the time of the filing of the bill; that her husband, T. P. Price, died on the 7th day of February, 1931, and that on the 11th day of February, 1931, the appellee exhibited *48 the said contract and will to the appellant, and represented to her that on account of the said contract and will she had no interest whatever in any of the property of her deceased husband; that relying on this representation, she was induced to execute a deed conveying to the appellee all her right, title, and interest in and to the property of her deceased husband. The bill further alleged that this quitclaim deed was without consideration, and that the appellant was' induced to execute it by reason of the representation to her that she had no right to, or interest in, any of the property of her husband; and prayed for the cancellation of the deed, and full adjudication of the rights of the parties, and full protection of her statutory rights as the widow of T. P. Price, deceased.

The contract in question, which was made an exhibit to the bill of complaint, reads in part as follows:

“This contract and agreement, made and entered into this the 6th day of August, 1927, by and between T. P. Price and Mrs. M. E. Price, his wife, parties of the first part, and W. L. Craig and Mrs. Annie Louise Craig, his wife, parties of the second part, witnesseth:

“That parties of the first part, for the considerations hereinafter mentioned, and subject to the reservations, limitations and conditions hereinafter set. forth, have agreed and by these presents do agree with party of the second part, both jointly and severally, that they and each of them, by last will and testament or otherwise, will cause to be vested .in Mrs. Annie Louise Craig, one of the parties of the second part, at the death of the longest liver of parties of the first part, the title to the real property now owned by parties of the first part, described as follows, to-wit: (Description omitted.)

“And also the title to all other property, real, personal and mixed, wheresoever situated, whereof, such longest liver of parties of the first part shall die seized and possessed.

*49 “And parties of the second part, for and in consideration of the undertakings and agreements aforesaid on the part of parties of the first part and each of them to vest the title to said property in the said Mrs. Annie Louise Craig, one of the parties of the second part, do hereby agree and bind themselves, their heirs, executors and administrators, to pay over to parties of the first part, monthly during their joint lives, and to the survivor of them, monthly during the life of such survivor, the sum of seventy-five dollars ($75) on the execution of this agreement, and seventy-five dollars on the first day of each and every month, beginning with the first day of September, 1927.”

The contract further provided that, if there was a failure to pay any one of the monthly payments of seventy-five dollars by the 10th of the month in which it was due, the entire contract should be null and void at the option of the Prices, and that all sums paid to them should be retained as liquidating damages for the breach of the contract by the Craigs. The contract further provided that the Prices should have the right at any time to cancel it by repaying to the Craigs in cash, all money theretofore advanced to them, and to the survivor of them, with six per cent interest from the date of advancement. By the terms of the contract, the Craigs also bound themselves to make suitable provision for the carrying out of the contract by their heirs, executors, or administrators, in case of their death or the death of either of them, to the end that the Prices, or the survivor of them, should have prompt payment of the monthly sum of seventy-five dollars by the 10th day of each month so long as either of them lived. Other provisions of the contract in reference to the payment of taxes and insurance, and making repairs and replacements of the property involved, are not material to the decision of the questions presented by this record.

*50 From the evidence offered at the trial of the cause, it appears that prior to August 6, 1927, T. P. Price and his first wife, Mrs. M. E. Price, who were both over the age of seventy years, were solicitous about making some provision for their support and maintenance during the remaining years of their life. They applied to certain friends with the proposition that they advance to the Prices money for their support as long as either of them lived, in consideration of their agreement that the title to all their property would he vested in the person making such advances at the death of the survivor of the Prices. Mr. and Mrs. Craig finally accepted the proposition, and the contract was executed on August 6, 1927, and was filed for record on May 14, 1929, and duly recorded in the land deed record of Le Flore county.

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Bluebook (online)
143 So. 694, 164 Miss. 42, 1932 Miss. LEXIS 218, Counsel Stack Legal Research, https://law.counselstack.com/opinion/price-v-craig-miss-1932.