153 Ga. 790 | Ga. | 1922
Janies Holmes filed an equitable petition against Mrs. Ida Holmes and against Jack and Elizabeth Holmes, minors, alleging in substance as follows: In the year 1912 J. 0. Holmes, a son of plaintiff, contracted to purchase described lands from one McCranie, paying one thousand dollars in cash and executing notes for the balance due, $1800, and taking from the seller a bond for title. When the purchase-money notes became due J. 0. Holmes was unable to pay them, and he induced his father, the petitioner, to indorse his notes; whereupon he obtained from a bank the sum of $1800, and with the money thus obtained he paid to the vendor the balance of the purchase-money due, surrendering the bond for title and receiving a deed to the land. The bank would not agree to lend the money without the indorsement of the petitioner on the notes. On the maturity of the bank’s notes the petitioner paid the amount due thereon, with interest. Thereafter the son died, still
1. The mere indorsement of the promissory note of another, by means of which the maker is enabled to borrow money from a bank, and the use of such money to pay the purchase-price of land, and a failure on the part of the maker of such note to repay the indorser, will not create an implied or resulting trust in the land in favor of the indorser.
2. “ Equity cases shall be tried in the county where a defendant resides against whom substantial relief is prayed.” Civil Code (1910), § 6540. An exception is made by § 5527, in cases of injunctions to stay pending proceedings, “ when the petition may be filed in the county where the proceedings are pending,” which has no application here. Accordingly the court had no jurisdiction of the persons of the defendants.
■Judgment affirmed.