47 S.C. 40 | S.C. | 1896
The opinion of the Court was delivered by
The facts out of which this controversy arose, so far as they are undisputed, may be stated as follows: The defendant, having funds of his ward to invest, employed Mr. Jones, one of the plaintiffs, as his legal adviser in making such investments, the understanding being that the expense of investigating the titles of property offered as security, and preparing the necessary papers, should be borne by the borrower of the money. In pursuance of this arrangement, a loan of the sum of $2,000 was effected, some time in the summer of 1887, to one Massey, out of the funds of defendant’s ward, which was secured by a mortgage of real estate, drawn and executed in the office of Mr. Jones — the other plaintiff, Mr. Williams, not then being a partner of Mr. Jones, but acting as a clerk in his office. Soon afterwards, however, a partnership in the practice of law was formed between the plaintiffs, which contined until the 1st of January, 1895. After the lapse of about five years from the making of said loan, the money not being paid, the defendant placed the mortgage in the hands of Jones & Williams, with instructions to foreclose the same. In accordance with these instructions, the plaintiffs, as attorneys at law, some time in the year 1892, commenced an action against Massey for foreclosure of the mortgage, to which Massey appeared and made defenses, which, however, were not sustained, and judgment of foreclosure was rendered, under which the mortgaged premises were sold, yielding a sum of about $3,100, which being insufficient for the payment of the
Upon the close of the testimony the case was submitted to the jury, under the charge of his Honor, Judge Benet,
The judgment of this Court is, that the judgment of the Circuit Court be affirmed.