Taylor v. Von Schraeder

107 Mo. 206
CourtSupreme Court of Missouri
DecidedOctober 15, 1891
StatusPublished
Cited by16 cases

This text of 107 Mo. 206 (Taylor v. Von Schraeder) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Taylor v. Von Schraeder, 107 Mo. 206 (Mo. 1891).

Opinion

Brace, J.

This is an action by petition in the nature of a bill in equity for the specific performance of an alleged parol contract for the conveyance of a tract of land known as the Mount farm, in St. Louis county, containing about four hundred and fifty acres.

On the twentieth of August, 1872, William C. Taylor being the owner, with his wife, Mary L. Taylor, executed a deed of trust conveying said land to William Pettis and Charles Parsons, trustees,-to secure the payment to Frederick Yon Sehraeder of seven promissory notes — one principal note of $20,000, payable three years after date, and six interest notes each for $1,000,-due respectively in six, twelve, eighteen, twenty-four, thirty and thirty-six months after date, all of said notes bearing interest at the rate of ten per cent, per annum after maturity, the grantors covenanting to pay all the taxes to be thereafter assessed against the property, and-any failure to do so to mature said notes.

Afterwards, on the twenty-seventh of October, 1876, the said William C. Taylor conveyed, subject to the deed of trust, said land to Marcus A. Wolff, in trust for the sole and separate use of his said wife, Mary L. Taylor. Mrs. Mary L. Taylor resided in the mansion house on said farm, occupying about thirty acres in connection therewith as her home, the remainder being rented to tenants and yielding a rental of about $1,300 per annum. Frederick Yon Sehraeder having died, his widow, the defendant herein as his legal representative, became the holder of the notes secured by said deed of trust. The interest notes seem to have been paid as they matured, and the interest on the principal [214]*214note paid up to August, 1876 (the time of payment of .the principal note having been extended on the tenth of August, 1875, to August 20, 1876). The latter note and interest thereon from the date last aforesaid, remaining unpaid, together with the taxes for the years 1872, 1873, 1874, 1875 and 1876 inclusive, the defendant a short time prior to March 6, 1877, directed the trustee to sell the land for the payment of the debt. They .accordingly advertised the land for sale at public auction by virtue of said deed of trust, and on the twenty-ninth of March, 1877, the same was sold in pursuance of the terms of said deed of trust, and the defendant became the purchaser thereof at the price of $21,460, .about the amount of the debt, interests and costs. The .additional amounts she paid to redeem the land from unpaid taxes made the whole cost of the property to her $24,291.36.

Several witnesses were introduced on each side who gave opinions of the value of the land at the date of the sale, ranging in their estimates, from $60 to $150 per acre.

Some time after the sale the defendant obtained possession of part of the land by attornment of some of the tenants, and óf the remainder by an action of ejectment in the circuit court of St. Louis. To this- action of defendant, in which the plaintiff, Mortimer L. Taylor, husband of plaintiff, May L. T. Taylor, and others were parties defendant, the said May L. T. Taylor, plaintiff, became a party, and, in a separate answer, set up as a defense thereto the same contract which she now seeks to have specifically enforced by this action. Prom the judgment rendered against the defendants in the ejectment suit they appealed to the St. Louis court of appeals, but failing 'to give a supersedeas bond, the defendant herein had her writ and was put in possession. The court of appeals affirmed the judgment of the circuit court, but upon appeal to this court the judgment against the plaintiff herein, May L. T. Taylor, [215]*215and her mother, Mary L. Taylor, was reversed for the reason that they were married women, and not proper parties to the suit, and affirmed as to their husbands and the other parties defendant in that suit.

The contract set out in the petition, which plaintiffs now seek to have enforced, is substantially that at some time before the sale under the deed of trust, Mary L. Taylor having made an agreement with her daughter, the plaintiff, May L. T. Taylor, to convey to her the real estate in question in consideration of love and affection, and that her daughter and her husband would provide a home for her during her natural life, the defendant, in order to effectuate said purpose, entered into an agreement with the said May L. T. Taylor, by which it was agreed that the defendant should cause the land to be sold under said deed of trust, and at said sale would purchase and thereafter convey the same to the plaintiff, May L. T. Taylor, and the said May L. T. Taylor,, with her husband, would execute a note and a deed of trust upon the property to secure the payment of $20,000, and pay all accrued interest and taxes, and costs of the sale, and any other moneys that might be found to be due on said real estate, except the said sum of $20,000, so to be secured by said deed of trust.

The petition then avers in substance that the sale under the trust deed was advertised and made, and the land purchased by defendant, in pursuance of said agreement; that immediately upon the advertisement of said property for sale, and in pursuance of said agreement, the said May L. T. Taylor took exclusive possession of said real estate and made valuable improvements thereon, with the knowledge of defendant, expending therefor large sums of money, etc.; that the fact that said sale was to be made, merely for the purpose of transferring the title of the said Mary L. Taylor to her said daughter, May L. T. Taylor, was made known to the public in various ways by all the parties concerned in [216]*216said sale by reason of which parties who otherwise would have attended the sale remained away ; that the land was worth $75,000, and would have brought that amount but for the facts stated; that the plaintiff, May L. T. Taylor, relying upon the good faith of defendant, at great sacrifice, procured the money required to pay the interest, taxes and expenses of the sale aforesaid, was willing and ready to pay the same and to execute said deed of trust, but that defendant refused to furnish the amount of interest, taxes and costs or to comply with the terms of her said agreement.

The answer admitted the execution of the deed of trust, sale and purchase, the recovery in the action of ejectment, and that defendant is in possession of the premises; denied all the other material allegations in the petition, and set up pleas of the statutes of limitations and frauds, and a plea of res adjudicata. The court upon the hearing dismissed the bill, and plaintiffs appeal.

For the' purpose of proving the contract set out in the petition the plaintiff, May L. T. Taylor, her husband, Mortimer F. Taylor and her mother, Mary L. Taylor, were introduced as witnesses, who all testify that they were present, and, with defendant, were the only persons present at the defendant’s house when and where the alleged contract was made. Their testimony is too. voluminous to be set out in full. Mr. Taylor was the spokesman, and acted as the agent and attorney of his wife, who, with her mother, substantially corroborated his testimony as to what passed at this interview. ■ It will be sufficient to set out the conversation between him and Mrs. Schraeder as detailed by him, by which plaintiffs claim the contract in question was made. After answering some preliminary questions and making some introductory observations, he said : “We went immediately to the matter in hand and I said to her (Mrs. Schraeder) that .at the request of my wife and mother I had come up to see if there was [217]

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Bluebook (online)
107 Mo. 206, Counsel Stack Legal Research, https://law.counselstack.com/opinion/taylor-v-von-schraeder-mo-1891.