2 N.J. Eq. 108 | New York Court of Chancery | 1838
The complainant claims tobe the owner, and entitled, under an assignment and transfer, of whatever' interest Albert Schenck took under the will of his father, Hendrick Schenck, deceased. Samuel Flock, the defendant, also claims to be the owner, and entitled to the same interest, under a mortgage made to him many years before by Albert Schenck, which mortgage he foreclosed, and under a sale became the purchaser of the premises. Whether this interest of Albert Schenck in his father’s will, was of such a character or not, as to pass by this mortgage, is really the turning question in the cause. It involves the true construction of the will of Hendrick Schenck.-
The testator, Hendrick Schenck, died in the year 1810, leaving real and personal estate. The real estate consisted of a farm situated in the township of Lawrence, in the county of Hunter-don, (now Mercer,) in this state. The will, after making certain bequests which are immaterial for our present purpose, gives the use of all the testator’s lands to his wife during hex natural life unless she marry again, when she is to leave the farm, and it
It will be remarked in this clause, that' the testator does not devise his estate to his executors, nor does he say by whom it shall be sold.- It is a general direction to sell it, upon the marriage or death of his wife, and the youngest child coming of age. The object in selling, is plainly nothing more than to distribute the proceeds among the testator’s children. What became of the testator’s estate at his death 1 His widow had the Ijib estate, but in whom did the remainder vest until the sale, in the executors or heirs ? It clearly vested in the heirs. Where there is no devise of the- lands to the executors, but a naked power is conferred upon them to sell, until such sale takes place the right vests in the heirs. The question, whether the executors were the persons intended by the testator to make the sale, or whether that power belonged to the heirs, as would be the case in the absence of any express or implied appointment of the executors for that purpose, does not appear to me material, in the present case, to be settled. / Whether the executors had this power or not, unless the lands l are devised to them, they must in the mean time descend to the heirs, and having so descended, they have the power to transfer their interest in them, ,at all events, so far as to entitle the alienee to ail their rights, whatever disposition should afterwards be made of them. Herbert v. Ex'r of Tuth
Had the complainant, under his assignment, been clearly entitled to- Albert’s interest in his father’s estate, and the executors denied their power to sell, in that event the settlement of the question, whether they had power or not, must have, been important ; and' my decided impressions- are, that upon a fair construction of the will, the power to sell is conferred on the execu* tors,, but coupled With no interest which can prevent the legal' title-from-vesting in the heirs;at law. But the executors have not appeared or answered, and the.bill, as to them, has been taken, pro confesso. . The only controversy now is with- the defendant, Flock, upon the validity of his- mortgage;.
The disputes which have arisen upon the question, whether executors have amere naked poiver to sell, or a power coupled with an interest*. have been to decide whether if one of the executors die, the survivor could sell. At common law it is well settled, that a surviving executor may sell on a power coupled with an' interest,, but not on a mere naked power.. The statutes. of this state, in Rev.. Laws,. 226 and 605, have settled with, us-that question, by giving the-surviving executor in all cases power to sell, where the will directs a sale of lands by executors.
But the complainant’s counsel object to the validity of Flock’s1 mortgage,, from- matters appearing on its face. 1. Because it bears date the 14th of October, 1816, and yet the acknowledgment purports to have been made prior to that time,, and on the-14th- of June¿ in the same year. 2. Because of certain erasures and obliterations. It is a ■ sufficient answer to these objections-to say,' it is now too late to take them, since the defendant has established the validity of this mortgage by a decree of this-court, under-, which he became a purchaser at the sheriff’s sale.. This decree was obtained against Albert Schenclc himself,, and that ten years before the complainant pretends to have had any interest-in the question.. There is, however, nothing substantial in the- objections themselves. A mistake in the date of a deed will not destroy it \ the true date, the time of its actual execu
I consider the mortgage, therefore, good, and that Albert had such a vested interest at the time as might be passed by it, in the lands of his father.
There is another view7 of this case equally fatal to the complainant’s pretensions. Where a sale .is directed to be made of lands, and the same person is entitled to take the lands that would take the money in case of a sale, and the,party elects to take lands, a court of equity will not disturb that election, or compel a sale. Osgood v. Franklin, 2 John. Ch. Rep. 21 ; Amler v. Amler, 3 Vesey, 583. The giving of the mortgage by Albert, was .a clear election on his part to take land, and upon no principle can that election be now disturbed. This election, it appears, w7as not only made by Albert, but by the whole of the testator’s family ; for they all conveyed their shares to the defendant, Mock, about the same time he purchased Albert’s share at sheriff’s sale. If the complainant can defeat the sale of Albert’s share, I see nothing to prevent any other member of the family now from making a similar transfer, and thus deprive the defeudant of his entire interest in the lands.
The complainant’s assignment bears date in 1831, fifteen years after the date of the mortgage ; and whether- it was a cash purchase, or taken as security for an antecedent debt, can make no difference. From the evidence, it would seeisa, the complainant was desirous to make it appear as a cash purchase; for the witnesses to the assignment sa.y they saw the money handed over. This was, no doubt, mere form ; for in the body of the assignment itself, it purports to be taken “ in payment and satisfaction of certain debts and demands which he holds against the
In every view which I have been able to take of this case, wdiether upon the dry question of the right of Albert to mortgage the remainder vested in him under the will of his father, or upon the right of the heir to elect to take land instead of money, or upon the general principles of equity and common justice, 1 can see no ground for disturbing the defendant, Flock, in the enjoyment of his estate in the lands in question.
As to him, therefore, the bill must be dismissed, with costs.