Savings & Loan Corp. v. Bear

154 S.E. 587, 155 Va. 312, 75 A.L.R. 980, 1930 Va. LEXIS 166
CourtSupreme Court of Virginia
DecidedSeptember 12, 1930
StatusPublished
Cited by16 cases

This text of 154 S.E. 587 (Savings & Loan Corp. v. Bear) is published on Counsel Stack Legal Research, covering Supreme Court of Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Savings & Loan Corp. v. Bear, 154 S.E. 587, 155 Va. 312, 75 A.L.R. 980, 1930 Va. LEXIS 166 (Va. 1930).

Opinion

Epes, J.,

delivered the opinion of the court.

J. T. Bandy and L. E. St. Clair were partners under the name and style of Bandy and St. Clair, engaged in the [318]*318business of dealing in real estate and in the construction of buildings.

The partnership owned three parcels of real estate, held under deeds conveying the property to J. T. Bandy and L. E. St. Clair, which deeds, so far as the record discloses, contained no reference to the partnership relation existing between Bandy and St. Clair. J. T. Bandy also owned individually a number of parcels of real estate. The partnership owned no property except this real estate; and St. Clair owned no individual real estate.

A number of judgments were rendered against J. T. Bandy and L. E. St. Clair, jointly, on partnership obligations. A number of judgments were also rendered against J. T. Bandy individually and L. E. St. Clair individually on their individual obligations.

The first of these judgments in order of time are two judgments rendered in the same court on the same day (July 29, 1927) in favor of Harris Hardwood Company, Inc., against J. T. Bandy and L. E. St. Clair, partners doing business as Bandy and St. Clair, on partnership debts, the one for $878.37 with interest and costs, and the other for $688.10 with interest and costs. The aggregate amount of these judgments is subject to a credit of $200 as of July 7, 1927, and a credit of $500 as of December 1, 1927. These two judgments were assigned to E. S. Bear, the complainant below, who is the appellee here.

Subsequently, after two judgments had been rendered against J. T. Bandy and W. D. Taylor, jointly, four judgments had been rendered against L. E. St. Clair individually, and six other judgments had been rendered against J. T. Bandy and L. E. St. Clair, jointly, the appellant, Savings and Loan Corporation, which was one of the defendants below, secured a judgment against J. T. Bandy on an individual debt for the principal sum of $6,496.73 with interest and costs and a ten per cent collection fee.

[319]*319Later other judgments were procured against J. T. Bandy and L. E. St. Clair, jointly, on partnership debts and against both J. T. Bandy and L. E. St. Clair on their individual debts.

On January 2, 1929, E. S. Bear, assignee of Harris Hardwood Company, Inc., filed her bill in the Law and Chancery Court of the city of Roanoke against “J. T. Bandy and L. E. St. Clair, partners trading as Bandy and St. Clair,” the object of which is to subject the real estate “owned by J. T. Bandy and L. E. St. Clair” and “the individual real property owned by J. T. Bandy and L. E. St. Clair” to the payment of said two judgments in favor of Harris Hardwood Company, Inc., against J. T. Bandy and L. E. St. Clair, partners doing business as Bandy and St. Clair.

The bill sets out certain real estate which it is alleged “stands of record in the name of J. T. Bandy and L. E. St. Clair,” certain real estate which it is alleged belongs to J. T. Bandy “in his own name and right,” and certain real estate in which it is alleged J. T. Bandy owns an one-half undivided interest, the other one-half interest belonging to Endimoor Company, Inc. But it does not allege that the real estate standing in the name of J. T. Bandy and L. E. St. Clair is partnership property.

The prayer of the bill is that “the said real estate, or so much thereof as may be necessary, be sold to satisfy the said judgments.”

To this bill Savings and Loan Corporation, the appellant, and a number of the other judgment creditors holding judgments against J. T. Bandy and L. E. St. Clair, jointly, and against J. T. Bandy, individually, and L. E. St. Clair, individually, are made parties defendant.

By its decree entered January 26, 1929, the court referred this case to S. L. Fellers, one of the commissioners of the court, who was directed to report to the court on the following inquiries, among others:

[320]*320“1. What real estate J. T. Bandy and L. E. St. Clair are seized and possessed of in their individual capacity.

“2. What real estate the said Bandy and St. Clair are jointly and severally seized and possessed of, and what real estate the said Bandy and St. Clair are seized and possessed of as partners.

“3. What are the liens binding upon the real estate of the said J. T. Bandy and L. E. St. Clair, owned and held by each in their individual capacity, together with the amounts of such hens and the order of their priorities as to each of said parties.

“4. What are the liens binding the real estate of the said Bandy and St. Clair as partners or in their joint and several capacities, together with the amounts of such liens and order of their priorities.”

On March 15, 1929, Commissioner Fellers filed his report, in which he reports as follows:

I. “The real estate owned by J. T. Bandy and L. E. St. Clair, partners trading as Bandy and St. Clair, and the liens thereon with priorities in the order hereinafter set out.”

Under this heading he reports three parcels of real estate, designated as A, B, and C; and that each of them is subject to certain liens for unpaid taxes therein set out, then to the lien of one or more deeds of trust in the order of priority therein mentioned, and then to “judgments as hereinafter set out.” He also reports under this heading: “I find no other property in the name of J. T. Bandy and L. E. St. Clair jointly.”

II. “The real estate owned by J. T. Bandy, and the liens thereon with priorities in the order hereinafter set out.”

Under this heading he reports seven parcels of real estate designated as A, B, C, D, E, F and G. Parcels B, C, D and E he reports as subject first to certain tax liens therein mentioned, and then to “judgments as hereinafter set out.” [321]*321The liens on parcel A he reports as first unpaid taxes, next two deeds of trust in the order mentioned, and then “judgments as hereinafter set out.” The liens on each of the parcels F and G he reports as first taxes, next a deed of trust which is set forth, and then “judgments as hereinafter set forth.”

III. “The one-half interest in real estate owned by J. T. Bandy, and liens thereon with priorities in the order hereinafter set out.”

Under this heading he reports one lot in which J. T. Bandy owns one-half undivided interest and Endimoor Company, Inc., the other; and that J. T. Bandy’s half interest is subject first to certain tax liens; and then to “judgments as hereinafter set out.”

As to lines of judgments against J. T. Bandy the commissioner reports as follows:

The individual interest of J. T. Bandy in the property described above as being owned jointly by J. T. Bandy and L. E. St. Clair; and the individual property shown above-to be owned by J. T. Bandy, as well as the one-half interest of J. T. Bandy in the property shown to be owned jointly by J. T. Bandy and the Endimoor Company, Inc., is subject to and liable to the payment of the. following judgments, which are liens thereon in the order hereinafter set out; after the satisfaction of the specific liens on said properties.”

The first two judgments listed are the two judgments of Harris Hardwood Company, Inc., against J. T. Bandy and L. E. St. Clair. The next is a judgment against J. T. Bandy and W. D. Taylor. The next three judgments are judgments against Bandy and St.

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Bluebook (online)
154 S.E. 587, 155 Va. 312, 75 A.L.R. 980, 1930 Va. LEXIS 166, Counsel Stack Legal Research, https://law.counselstack.com/opinion/savings-loan-corp-v-bear-va-1930.