107 Tenn. 239 | Tenn. | 1901
This bill was filed to recover possession of certain real estate, situated on the southeast corner of Jackson and La Rose streets in
The present bill charges that the estate of Morris Fennell was not insolvent, and that the filing of the Ellen Horan claim against said estate was pro
It is charged that said Loague, as administrator, was an express trustee, and could not purchase, in his own right, the property in question at said sale; that the purchase of the same by Loague was illegal, and the price he paid, $672, was a totally inadequate consideration (said property being well worth $4,000), and that, under said purchase, he would hold the property as trustee for the heirs of Morris Fennell, deceased.
Defendants answered, denying that said Loague was an express trustee, averring that said sale was perfectly fair and for an adequate consideration, and expressly denying all the charges of fraud. It is shown in the answer that John Loague departed this life on January 24, 1899.
Defendants, the heirs of John Loague, rely on and plead the statute of limitations of seven years. Defendants state and show that the said John Loague, after he purchased the property on August 8, 1885, took possession of the same and inclosed it with a fence, and remained in possession from said time to to the date of his death on January 24, 1899, claiming the same in fee, and his possession being open, notorious and adverse to all the world.
Defendants further aver that since the death of John Loague they have been in possession of the
We proceed to state our conclusions upon the facts found in the record: ■ First, the charge of fraud on the part of Loague in suggesting the insolvency of the estate of said Fennell, for the purpose of procuring a sale of the real estate and purchasing it at a nominal price, is not sustained.
Second, when the property was ordered to be sold, the Court fixed a minimum price of $400. The purchaser, John Loague, paid but $672 for the property. This was not an inadequate price in 1885, when it was sold.
Since then the purchaser' has put $2,000 of improvements on the property. But a conclusive answer to the whole bill is that John Loague was in actual adverse possession of the property for seven years, under color of title, before suit commenced, and his heirs are absolute owners of the property.
But it is said John Loague, as administrator, was an express trustee, and is not protected by the statute of limitations. But John Loague, as admin-trator of the estate, was not an express trustee of its heirs in respect of the realty, and, moreover, it is well settled that, where an express trustee denies the title of his cestui que trust, that the statute of
The decree is affirmed.