76 Iowa 251 | Iowa | 1888
— The plaintiff and intervenors are judgment creditors of the defendant Concannon, and the appellants are the holders of the legal title to certain real estate which the plaintiff and intervenors claim in equity belongs to Concannon, or in which he has an interest; and they substantially unite in this action, and seek to subject said real estate to the payment of
The evidence in relation to the claimed contract for the land is brief, and, except in a single particular, is not materially conflicting. The greater part of the evidence relates to certain chattel mortgages executed by Concannon to the appellants; the contention between the parties being whether there was any consideration therefor independent of the purchase price of the land, and whether there was or was not any such consideration, and what amount was due upon the indebtedness so secured. For reasons hereafter stated, we are not required to determine such question, and therefore shall only refer to eviden ce bearing upon the land transaction. It is conceded, or at least not controverted, that the land was purchased and conveyed to appellants, and they paid the entire purchase price or consideration
II. Has a valid sale or arrangement to sell the land been established % There are grave doubts whether the evidence of Concannon, if* there was nothing contradictory thereto, does so. One of the appellants testifies as follows: “I bought the lands in controversy, and the deeds were taken in the names of myself and brother. We never sold the same. When I purchased this land on behalf of myself and brother, Concannon was with me. It happened in this way: In the year 1880, Con-cannon asked me and my brother to purchase the land for him, and lend him the money to pay for it. This we declined to do, but we told him that we would purchase it for ourselves, and let him occupy it as a tenant, at a rent which would equal ten per cent, on the purchase money, he paying taxes. We also told him, if ever he was" in a position to purchase the land, we would sell it to him for the same sum that we should give for it.” The evidence of the other appellant is corroborative of the foregoing. The only material difference between the foregoing evidence and that of Concannon is whether the latter occupied the premises as a renter, for it is immaterial who actually bargained for the land. The evidence of the appellants relates to a time anterior to the purchase, and tends to establish a trust, if anything. Clearly it does not establish a sale, much less one that can be enforced, for no part of the purchase money was paid by Concannon, nor was possession taken under the contract. The latter simply remained in possession. The evidence does not as a whole, as we think, establish a sale or agreement to sell, but an express trust, if anything, and for this purpose the evidence is incompetent.
III. The judgments under which the plaintiff and intervenors claim were not recovered until after the
Reversed.