Sims v. Banks of Commerce & Trust Co.

14 Tenn. App. 672, 1932 Tenn. App. LEXIS 68
CourtCourt of Appeals of Tennessee
DecidedMarch 31, 1932
StatusPublished
Cited by4 cases

This text of 14 Tenn. App. 672 (Sims v. Banks of Commerce & Trust Co.) is published on Counsel Stack Legal Research, covering Court of Appeals of Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Sims v. Banks of Commerce & Trust Co., 14 Tenn. App. 672, 1932 Tenn. App. LEXIS 68 (Tenn. Ct. App. 1932).

Opinion

OWEN, J.

The complainant's hill was dismissed in the lower court, and she has appealed. Her originál bill was filed February 23’, 1931; against the bank of Commerce fe Trust Company. She sought to reS'cind and set aside a trust instrument. . She alleged' that *674 the instrument was the one that she had executed-wherein the bank of Commerce & Trust Company was named as her trustee in a certain trust she had executed on February 11, 1929. By the terms of said trust she had placed with said defendant $15,832.32 in cash and securities. It was therein provided that:

“At the end of twenty'years from the date of this instrument, the remaining corpus of this estate shall, if I am still living, be paid over to me, together with any unpaid income therefrom.
“In the event of my death before the expiration of said twenty year period, the income after my death shall be paid to my daughter, Martha Virginia Sims, until the expiration of the twenty year period, when the corpus of the same shall be delivered to her.
“It is agreed and understood that this trust and agreement shall be irrevocable during the twenty year period, unless both beneficiaries die before the expiration of that period, when this trust shall cease and terminate, and the trust estate shall pass under the laws of descent and distribution to my heirs or dis-tributees or under my will.”

There was a demurrer to said bill for a want of proper parties, and the demurrer stated that the bill and the exhibit thereto showed on its 'face that Martha Virginia Sims was a necessary party to complainant’s suit. This demurrer was sustained, and complainant Was granted leave to file an amended bill.

On May 25, 1931, complainant filed an amended bill making her infant daughter a party, and the bank of Commerce & Trust Company as trustee, individually party defendants.

The complainant alleged that she was a minor nineteen years of age -at the time the trust was executed, that she had a duly authorized and acting regular guardian of her estate in Greenville, Washington County, Mississippi; her guardian being complainant’s older sister, Mrs. Bob Lyle.

Complainant, among her allegations, alleged in her bill, the following: .

“In order to circumvent the law and terminate the guardianship, your petitioner was persuaded, dominated, controlled and forced into signing said agreement and said petition for the removal of her disabilities of minority at the instance and behest ' ánd to gratify the wishes and pleasure of said guardian and that, therefore, her acts in the premises were the acts of said guardian,- as your petitioner was a minor at the time and incapable of transacting said business.”

*675 It was further alleged:

‘ ‘ That on said day, after being advised and persuaded, coerced and misled into signing said purported trust agreement; that in order for her to sign said agreement, there was filed for and on her behalf, at the instigation, supervision, dominion, domination and control of her said guardian a petition in the probate court of Shelby County, Tennessee, to remove her disabilities of minority; that she joined in said petition, not fully understanding the purport or intent thereof as well as her two older sisters did; and thereupon, a purported decree was entered, purporting to remove her disabilities of minority, in order that she should or could sign said purported trust agreement. That thereupon, on the same day, she signed said purported trust agreement, but did not fully understand the binding covenants, conditions of effect of said agreement, or she would not have consented to or signed same, had she been fully and completely advised as to its nature or character.”

The complainant also alleged that the decree of the probate court of Shelby County removing her disabilities was null and void, because the proceedings in said matter were heard by a Circuit Judge, the Honorable A. B. Pittman who sat by interchange for the regular Probate Judge, the Honorable P. M. Guthrie. It was alleged that this interchange was illegal, and it was further alleged that Judge Pittman failed to sign the minutes wherein the decree in removing the complainant’s disabilities had been entered. A guardian ad litem was appointed to represent the minor defendant, H. P. Posert, Esquire who made defense for the minor. The Bank of Commerce & Trust Company filed an answer denying the material allegations of the amended bill, and especially plead that the complainant, after she reached her majority, had ratified her trust agreement. Specific acts of affirmation or ratification averred in the answer were as follows:

(A) Assignment by complainant of trust income, dated October 24, 1929, to the South Memphis Land Company.
(B) Assignment by complainant of trust income, dated June 24, 1930, to the same assignee.
(C) Modification by complainant of the assignment aforesaid by a writing dated March 26, 1931. (After she came of age.)
(D) Assignment by complainant of income dated June 8, 1931, to Lester E. Moody. (After maturity.)
(E) Complainant’s receipt of income from trust after majority attained, and even after suit was brought.
(P) Other acts of affirmance coupled with knowledge and understanding.

*676 The Bant of Commerce & Trust Company, in its answer, also called for a jury. When the case came on for hearing, four issues were submitted to the jury, and their answers given as follows:—

“No. 1. Did Mary Lee Sims fully understand the contends and effect of the purported trust agreement, signed February 11, 1929? Answer: Yes.
“No. 2. Was Mary Lee Sims acting under the advice, domination, coercion and control of her guardian in signing the petition to remove her disabilities of minority or the purported trust agreement? Answer: No.
“No. 3. Was Mary Lee Sims unduly influenced to sign the petition for removal of disabilities of minority or the purported trust agreement? Answer: No.
“No. 4. Has Mary Lee Sims ratified the trust instrument since - October 1, 1930, the day she became 21 years of age? Answer: Yes.

At the conclusion of all the evidence before the jury, there was a motion for a directed verdict by the complainant, and-a motion for a directed verdict by the defendants, both motions were overruled. After the jury returned the verdict in answer to the issues above stated, the complainant entered a motion for a decree notwithstanding the verdict of the jury, this was overruled. Thereupon, the complainant filed a motion for a new trial containing many grounds, this motion was overruled. The complainant excepted, prayed and perfected an appeal, and had signed a proper bill of exceptions. The complainant has filed thirty-four assignments' of error. The guardian ad litem has filed the record for error. The guardian ad litem asked for a fee to be paid out of the general estate, his motion was denied.

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Bluebook (online)
14 Tenn. App. 672, 1932 Tenn. App. LEXIS 68, Counsel Stack Legal Research, https://law.counselstack.com/opinion/sims-v-banks-of-commerce-trust-co-tennctapp-1932.