103 N.W. 425 | N.D. | 1905
This is a suit in equity to establish title to a tract of real property by virtue of a resulting trust. The trial court ■found the facts against the plaintiff, and ordered judgment dismissing the action. The plaintiff appeals from the judgment under section 5630, Rev. Codes 1899, and demands a review of the whole case.
The ■ plaintiff asserts that the land in question was bought and paid for by him, 'but was conveyed to the defendant pursuant to a verbal agreement between them to the effect that .the defendant should -hold the title in trust for the plaintiff. If any trust was created, it was an implied trust, resulting from the payment of the purchase price by plaintiff. “When a transfer :of real property is made to one person, and the oohsideration therefor is paid by or for another, a trust is presumed to result in favor of.the person by or for whom such payment is made.” Rev. Codes 1899, section 3386; Smith v. Security Loan & Trust Co., 8 N. D. 451, 79 N. W. 981. An express trust in relation to real property cannot be created by oral agreement. Rev. Codes 1899, section 338-5. The evidence
. Appellant contends, however, that the question upon which this case hinges has been decided in his favor in a former action. Before this action was tried, there was another action pending between the same parties, in which the appellant sued the respondent
The judgment is affirmed.