Rutherford v. Provident Life & Trust Co.

103 S.E. 273, 86 W. Va. 491, 1920 W. Va. LEXIS 141
West Virginia Supreme Court·Decided May 11, 1920·Published·Cited by 1 cases

Opinion

Williams, PRESIDENT:

Plaintiff prosecutes this writ of error to a judgment for defendant, rendered in an action of assumpsit brought against the Provident Life and Trust Co. of Philadelphia, a corporation, and Edward R. Wood, Jr., as executors and trustees, under the last will and testament of Stuart Wood, deceased, to recover the sum of. $348.33, and interest thereon, the sum claimed representing interest at the rate of six per cent, on a deferred purchase money note for the sum of $3,666.66, interest bearing, from October 9,191S, to May 7,1917.

In 1889 Lewis Rutherford conveyed to Stuart Wood the coal and other minerals underlying a tract of land in Mingo County, together with certain timber rights, mining rights and privileges. Said Lewis Rutherford died in November 1910, seized of the surface of said tract, leaving a last will naming two of his sons: Lawrence Rutherford and the plaintiff, A. G. Rutherford, as executors with power to sell the surface lands. Plaintiff did not qualify as executor but Lawrence Rutherford did qualify and-ad; as such, and, by deed dated May 9, 1911, conveyed as executor, to A. G. Rutherford, plaintiff, 194.48 acres of said tract, subject to the mineral deed above mentioned. In September 1913>, Stuart Wood leased, for a period of 30 years, to H. A. [493] Evanson and E. O’Toole tlie minerals together with the mining rights and privileges conveyed to said Stuart Woo'd by Lewis Rutherford. Evanson and O’Toole claimed that the deed from Lewis Rutherford to Stuart Wood did not give ample surface rights for mining purposes and consequently Stuart Wood purchased all of the said surface of which Lewis Rutherford died seized. By deed dated October 17, 1913, plaintiff, his wife joining therein, conveyed to Stuart Wood, with general warranty, the .194.48' acres of said surface, previously conveyed to him by Lawrence Rutherford in his own right and as executor and plaintiff, A. G. Rutherford, conveyed to Wood the remainder of said surface. The latter deed called for special warranty as to Lawrence Rutherford, but a covenant of general warranty as.to plaintiff. Subsequently, Stuart Wood paid all the consideration, called for by said two deeds, except a note for the sum of $3666.66 signed by Wood, dated October 17,1913, payable to the order of plaintiff -in two years after its date, with interest, this amount representing the last deferred purchase money note for the 194.48 acres purchased from plaintiff. Stuart Wood died in April, 1914, leaving a will, by which he devised the aforesaid lands in trust to the defendants and named them executors of his estate. Stuart Wood has had possession of said lands, continuously and uninterruptedly since October 17, 1913, by his lessees, who have paid to him and his executors all the rents and royalties accruing under the leases. Some months prior to the time the said note became due, certain heirs-at-law of Lewis Rutherford brought suit against Lawrence Rutherford, executor, A. G. Rutherford, the plaintiff in this action, and the executors and trustees of Stuart Wood et als., to vacate and set aside, on the ground of fraud, the deed from Lawrence Rutherford, executor, to plaintiff, and the two aforesaid deeds to Stuart AVood for the surface lands, the said heirs alleging that said deeds were made in fraud of their rights as heirs of Lewis Rutherford. On October 9,1915, defendants notified plaintiff that, on account of said litigation, it would be inadvisable to' pay the note be coming due on October 17, 1915, and that they would withhold payment thereof, until such litigation was finally determined. Plaintiff’s counsel- thereupon notified them that his client was [494] perfectly solvent and demanded payment. On the 24th of November the executors of Wood set aside the sum of $4,106.66 to meet the note of $3666.66, with interest to October 17, 1915, by a deposit account in the Provident Life and Trust Co., a banking institution, and one of the defendants, in the City of Philadelphia, and styled the account: “The Provident Life and Trust Company and E'dward R. Wood, Jr., Executors of the estate of Stuart Wood, deceased, for payment of the A. G. Rutherford note,” and immediately notified plaintiff thereof. The litigation was ended December 9, 1916 by a final decree upholding the said deeds and dismissing plaintiff’s bill, no appeal being taken from said decree. Defendants still contended that they were not liable for interest on said note from and after October 9, 1915, the date defendants notified plaintiff they would not pay the note pending the litigation. On May 7, 1917, defendants paid the amount of the note with interest thereon to October 9, 1915, upon an agreement then made! that such payment should not prejudice plaintiff’s right to enforce collection of interest due on the note from and after October 9, 1915. Thereupon plaintiff brought this action, and on March 4, 1919, upon an agreed.statement of facts and certain documentary evidence, the case was submitted to the court in lieu of a jury and the judgment complained of rendered.

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

Rutherford v. Provident Life & Trust Co., 103 S.E. 273, 86 W. Va. 491, 1920 W. Va. LEXIS 141 (W. Va. 1920).

103 S.E. 273 (Rutherford v. Provident Life & Trust Co.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Moore v. Moore
104 S.E. 266 (West Virginia Supreme Court, 1920)