38 S.C. 121 | S.C. | 1892
The opinion of the court was delivered by
This was an action to foreclose a
When the indebtedness of the Smyley firm to the plaintiffs became due, the surviving partner, J. M. Smyley, could not pay it. The plaintiffs threatened to commence legal proceedings to enforce their demands against the surviving partner, J. M. Smyley; and in order to secure them in the payment of their just demands, and to stay their proceedings in court, he (J. M. Smyley), the surviving partner, prevailed upon and induced his mother, the defendant, E. B. Smyley, to transfer and assign to Langston & Woodson the note and mortgage aforesaid, and accordingly she did transfer and assign the same to plaintiffs, as stated in paragraph six of the complaint, plaintiffs’ claim against the firm of Smyley & Bro. being paid to the extent of their recovery in this action, &c. The assignment referred to in paragraph six of the complaint was as follows: “For value received, I hereby assign, transfer, and set over to Langston & Woodson, and to their heirs and assigns, the within mortgage and the note for $1,200, dated September 10, 1889, given by St. Julian Smyley, and payable to A. J. Smyley or order, and by the said A. J. Smyley transferred to me on October 10, 1889, said mortgage having been given to secure said note. Given under my hand and seal, this February 18,1890.
The cause came on to be tried by his honor, James Aldrich, who found, as matter of fact, that the defendant, E. B. Smyley, was a married woman at the time of the execution of the assignment set up by the plaintiffs, and the said bond and mortgage were assigned to plaintiffs as collateral security for a debt of her sons, J. M. Smyley & Bro., and for a stay of threatened proceedings on the part of Langston & Woodson in court to enforce an indebtedness due by J. M. Smyley & Bro. to plaintiffs, Langston & Woodson. He further found that the assignment was not an “alienation,” but simply given as security for the purpose above mentioned; and, therefore, the judge concluded, as matter of law, that Mrs. E. B. Smyley being a married woman at the time said assignment was executed, and the transaction not being with reference to her estate or concerning the same, that the said assignment is null and void as to the defendant, E. B. Smyley. The judge further ordered, that the mortgaged land should be sold, and the first lien of Cartledge paid; and that out of the proceeds of the purchase money which might remain, the master should pay (not to the plaintiffs, but to Mrs. E. B. Smiley) the amount due upon the note assigned by her to the plaintiffs, &c.
From this decree the plaintiffs appeal, upon the following grounds: “I. Because his honor erred in holding that the assignment of the mortgage by the defendant, E. B. Smyley, to the plaintiffs herein, as stated in the complaint, was not an ‘alienation’ thereof, and that said assignment is null and void as to the defendant, E. B. Smyley. II. Because his honor erred in holding that the sum of $1,385.50 is due E. B. Smyley on the mortgage sued upon in the complaint herein. III. Be
As it strikes us, this was not the case of a married woman undertaking to bind herself or her property by a general personal engagement, or becoming surety for another, but an actual transfer of the property itself, for the purpose of securing indulgence to her sons, and of aiding them in the payment of their debt to the plaintiffs. The elementary writers say, that “to alienate, is to pass property from one person to another.” That would seem to have been done here. If Mrs. Smyley had received full money consideration for the note and mortgage, we can hardly suppose that her right to assign them
The judgment of this court is, that the judgment of the Circuit Court be reversed, in so far as it declares the assignment of the note and mortgage by Mrs. E. B. Smyle3r to the plaintiffs void, and directs the proceeds of the sale of the land applicable to the mortgage to be paid to Mrs. E. B. Smyley, instead of the plaintiffs, the assignees thereof; and that in all other respects the judgment be affirmed, and the case remanded to the Circuit Court for such further proceeding as may be necessary to carry out the conclusions herein announced.
36 S. C., 468.