44 So. 193 | Ala. | 1907
Tlie action is assumpsit against appellants by appellee as surviving partner of the late-firm of Melnnis & Dantzler. Stating the matter with perhaps undeserved favor to appellee, the asserted right, to recover arises out of the fact that the appellee’s firm, throughout many years, advanced to Susan A. Loper, who was the trustee of or for appellants of certain real estate in Mobile, and charging the same to her individually on their books of account, various sums of money which was sued for and did pay the taxes due on such real estate. It is the positive duty of a trustee to pay the taxes accruing against the corpus of the trust estate; and, if without funds of the estate in his hands, he may advance the necessary funds out of his own to pay the taxes, which, when done by him, becomes a charge on the property. — 2 Beach on Trusts, § 510. The rule is settled in this state that a stranger who makes advancements, or extends credit, or renders services, or' furnishes necessaries to trustees, though made in execution of the trust, or to enable them to perform their legal duties under the trust, creates only a personal liability against the trustees. The creditors “can look to them (trustees) only for payment and they (trustees) must look for reimbursement, after making the payment., to the, trust estate.”- — Mosely v. Norman, 74 Ala. 422; Sanford v. Howard, 29 Ala. 684, 68 Am. Dec. 101; Askew v. Myrick, 54 Ala. 30; Jones v. Wawson, 19 Ala. 672, and authorities therein cited; Taylor v. Crook, 136 Ala. 375, 34 South. 905, 96 Am. St. ep. 26. And it is further settled that (unless otherwise provided by section 4183 et seq. of the Code of 1896, Avhich is unneces-. sary to be considered) the trust estate can be made liable in equity by subrogation to the trustee’s rights, only where the trustee is insolvent, as established by the exhaustion of all legal remedies, and on settlement of-
But it is insisted by appellee that there may be recovery in this action of assumpsit, because the appellants expressly or impliedly ratified the obligation incurred as stated by Mrs. Loper to the late firm, and so assumed its repayment to the firm as the result of this stipulation in a conveyance to a stranger of the property to retain which the taxes were paid, viz.: “A vendor’s lien is hereby retained to secure the payment of the said four hundred dollars ($400.00) purchase money, without interest, as evidenced by said promissory note hereinabove particularly described.” The reference to the note first above made relates to the following language found in the conveyance, the purchase price being $1,000: “* * * And $400 as evidenced by á certain promissory note of even date herewith, * payable on demand to the order of G. Bruner Dantzler, agent; demand for payment not to -be made until a settlement of a certain tax matter pending between the parties of the first part and the firm of Mc-Tnnis & Dantzler is had and determined:” This deed is executed by appellants. In the body of the deed the real estate in question is taken by them (appellants) as cestuis que trust, in lieu of funds theretofore in the hands of Susan A. Loper in trust for them. Without prolonging this opinion in an argument of the effect of the language, quoted from the deed, we hold that it was
There being, then, no liability of appellants enforceable against- them in this action, the general affirmative charge requested by them should have been given. The judgment will be reversed, and the cause remanded. '.
Reversed and remanded.