100 Iowa 366 | Iowa | 1896
John Harris died on the sixth 'day of September, 1891. The plaintiff claims that when Harris died he was indebted to the plaintiff in the sum of two hundred and fourteen dollars and fifty cents, and interest. The deceased had no money and no property of any kind when he died. He had been the owner of a farm of forty acres, and some cattle, and some other personal property. On the twenty-sixth day of May, 1890, he executed and delivered to the defendant a quitclaim deed for the farm. The following is a copy of said conveyance: “I, John Harris, widower, in consideration of eight hundred dollars
It appears to be well settled that, where the consideration for a conveyance is an agreement for the future support of the grantor, the transaction is fraudulent in law as to the creditors, to the extent which the value of the property is in excess of the support furnished. The authorities proceed upon the theory that it is the legal duty of a debtor to pay his debts, rather than to provide for his future support, and that existing creditors may avail themselves of property conveyed for future support for the payment of their claims, when the debtor has no other property out of which payment can be enforced. Walker v. Cady (Mich.) 63 N. W. Rep. 1005; Kelsey v. Kelley, 63 Vt. 41 (22 Atl. Rep. 597); Farlin v. Sook, 30 Kan. 401 (1 Pac. Rep. 123); Henry v. Hinman, 25 Minn. 199; Faber v. Matz, 86 Wis. 370 (57 N. W. Rep. 39). And where the parties have acted in good faith, the conveyance may be sustained, so far as the consideration paid by the grantee, without notice, is involved, but will be set aside as to any value in the property in excess of the amount paid; and in such case the grantee is chargeable with the value of the use of the property. Loos v. Wilkinson, 110 N. Y. 195 (18 N. E. Rep. 99); Could