Traders National Bank v. Clare

13 S.W. 183, 76 Tex. 47, 1890 Tex. LEXIS 1204
CourtTexas Supreme Court
DecidedFebruary 7, 1890
DocketNo. 2728
StatusPublished
Cited by9 cases

This text of 13 S.W. 183 (Traders National Bank v. Clare) is published on Counsel Stack Legal Research, covering Texas Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Traders National Bank v. Clare, 13 S.W. 183, 76 Tex. 47, 1890 Tex. LEXIS 1204 (Tex. 1890).

Opinion

STAYTON, Chief Justice.

Appellant was a judgment creditor of J. I. Clare, whose execution had been returned nulla lona, and it brought this suit to cancel two conveyances made by its debtor to H. F. Clare, one to P. S. and W. A. Clare, and another to P. S. Clare, and also to cancel a trust deed made by the debtor to H. T. Clare.

Cancellation was sought on the ground that J. I. Clare was insolvent at the time the several conveyances were made, and it was alleged that they were made to hinder, delay, and defraud plaintiff in the collection of the debt due to it when the conveyances were made.

No question was made as to the joinder of the several causes of action.

Defendants denied the insolvency of J. I. Clare, and alleged that the conveyances were made and received in good faith on adequate consideration, without notice of insolvency of J. L Clare or any intent on his part to defraud his creditors, if such'intent or insolvency existed.

They also pleaded specially their defenses, which are thus stated in brief of counsel with substantial accuracy:

[50]*50The defendant H. T. Clare, answering specially, admitted the execution of the deed of trust to secure his debt, as charged by plaintiff, but denied that the debt was pretended, and averred, when said deed of trust was executed said J. I. Clare was justly indebted to him in the sum of $4800.83, with interest thereon at ten per cent per annum from December 31, 1888; and that said trust deed was executed for the sole purpose of securing said debt.
“ The defendant H. F. Clare, answering specially, admitted that he purchased of J. I. Clare, on the 25th of February, 1889, the property in Beeville, as charged by plaintiff, and he alleged that when he made said purchase said J. I. Clare was justly indebted to William M. Smith the sum of $3652, and to Kohler & Helenfels the sum of $600, with interest thereon at twelve per cent per annum from the 10th of June, 1888; that said debts were secured by a lien on the property he purchased; that in consideration of the sale and conveyance of the property to him, he assumed the payment of both said debts; that the consideration for said conveyance being the amount assumed was the fair value of said property; that he had acknowledged his liability to said Smith and Kohler & Helenfels, and had paid a part of the debt to Smith; that he owed no part of the consideration to said J. I. Clare, but that he owed it all, except the payment mentioned, to the said creditors of J. I. Clare, and that the sale was made to him in order to have said creditors paid.
“H. F. Clare, still specially answering, admitted that he purchased of J. I. Clare on the 4th of February, 1889, 991 acres of land, as charged by plaintiff, and he alleged that the consideration for the same was $3964, which was the fair value of the land; that at the time said purchase was made J. I. Clare was justly indebted to P. Dodridge & Co. in the sum of $1562.50, with interest thereon from December 16, 1887, at the rate of ten per cent per annum, and that at said time he was also indebted to one John M. Judah in a sum exceeding $5000, which was secured by a lien on the said 991 acres of land and other lands; that he himself owed no part of either of said debts, but was liable for both as security for J. I. Clare. That at the time he was negotiating with J. I. Clare for the purchase of said land, and at the time said sale was consummated, it was agreed and understood by and between him and J. I. Clare that the purchase money for said land was to be paid as follows: $2328.85 thereof was to be paid to John M. Judah on said debt from J. I. Clare to him, and $1635.15 thereof, being the balance of the purchase money, was to be paid on said debt of J. I. Clare to P. Dodridge & Co. That he did assume the payment to said Judah of said sum of $2328.85, and executed a promissory note for the sum of $1635.15, payable to said J. I. Clare or his order, which said note as soon as executed was, at his direction and in pursuance of the terms of the contract of sale, endorsed by J. I. Clare to said P. Dodridge & Co., and then delivered to P. Dodridge & Co.; that [51]*51said P. Dodridge & Co. were informed of the terms of the sale, and were satisfied therewith, and accepted said note, and are the owners and holders of the same.
“ That the entire consideration for said land was paid to the said creditors of J. I. Clare, as stated, and that J. I. Clare was not to receive and did not receive any part thereof.
“ The defendant P. S. Clare answered specially, admitting that he purchased of J. I. Clare, on the 4th of February, 1889, 4162 acres of land., as charged by plaintiff, and he alleged that the consideration for the same was $14,587.81, which was the fair value of the land; that at the time said purchase was made J. I. Clare was justly indebted to John M. Judah in a sum of money exceeding $14,000, with interest thereon from the 36th day of December, 1888, and that he was also justly indebted at that time to Isham Bailey in the sum of $5117.69.
“ That at the time he was negotiating with J. I. Clare for the purchase of said land, and at the time said sale was made, it was agreed and understood by him and J. I. Clare that the purchase money for said land was to be paid by him to said Judah and said Bailey on their said debts.
“That the sum of $9801.57 was to be paid to said Judah, and the balance of the purchase money, to-wit, $4786.30, was to be paid to said Bailey.
“That when said conveyance was made he did assume the payment of said sum of $9801.57 to said Judah on the debt of J. I. Clare to him, and that he executed two promissory notes, each for the sum of $3393.15, payable to the order of J. I. Clare, and the same were at the time of their execution, and under his direction and in pursuance of said agreement, endorsed by J. I. Clare to said Bailey, and were delivered to him, and he is now the owner and holder of the same.
“That said Bailey was apprised of the terms of said sale, and accepted said notes, and was satisfied with the security thereby obtained for his said debt; that the said debt to Judah was secured by a lien on the land purchased by him and on other lands; that he owed no part of either of said debts, but was liable for their payment as a surety of J. I. Clare.
“The defendants P. S. Clare and W. A. Clare answered specially, admitting that they purchased of J. I. Clare, on the 4th of February, 1889, 4058 acres of land as charged by plaintiff, and they allege that the consideration for the same was $13,361.57, which was the fair value of the land; that at the time said purchase was made J. I. Clare was justly indebted to John Gifford in a sum exceeding $9961.69, with interest thereon from the 26th day of December, 1888, and he was also then indebted to A. C. Jones in the sum of $3849.14; that they owed no part of said debts, but were liable for their payment as sureties of J. I. Clare; that the said debt of said Gifford was secured by a lien on said land purchased by them, and on other lands of J. I. Clare.
“ That at the time they were negotiating with J. I. Clare for the pur[52]*52chase of said land, and that at the time said sale was made, it was agreed and understood by them and J. I.

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

Related

In Re Smtc Mfg. of Texas
421 B.R. 251 (W.D. Texas, 2009)
Shaw v. Warren
68 S.W.2d 588 (Court of Appeals of Texas, 1933)
Farmers' Nat. Bank v. Dublin Nat. Bank
55 S.W.2d 567 (Court of Appeals of Texas, 1932)
Waggoner v. Herring-Showers Lumber Co.
288 S.W. 260 (Court of Appeals of Texas, 1926)
Barton v. Farmers' State Bank
276 S.W. 177 (Texas Commission of Appeals, 1925)
King v. Parks
63 S.W. 900 (Court of Appeals of Texas, 1901)
Magill v. Brown Bros.
50 S.W. 143 (Court of Appeals of Texas, 1899)
Duveneck v. Kutzer
43 S.W. 541 (Court of Appeals of Texas, 1897)

Cite This Page — Counsel Stack

Bluebook (online)
13 S.W. 183, 76 Tex. 47, 1890 Tex. LEXIS 1204, Counsel Stack Legal Research, https://law.counselstack.com/opinion/traders-national-bank-v-clare-tex-1890.