Aрpeal from the judgment, taken within sixty days from its rendition. The evidence is brought up for review by bill of exceptions.
Plaintiff presented his claim to the executors of the estate of R. T. Carroll, deceased, which claim was in form as follows:
“ The undersigned, creditor of the estate of R. T. Carroll, deceased, presents his claim against the estate of said deceased, with the necessary vouchers, for approval, as follows, to wit:
‘‘ Estate of R. T. Carroll, Deceased,
“To James 0. McGrath, Dr.”
The following are the particulars of said creditor’s claim:
“ San Francisco, March 20, 1891.
“ Estate of R. T. Carroll, Deceased,
“ To James 0. McGrath.
1879.
Dec. 18. By check......................$1,000 00
Interest from date at 7 per cent per
annum, 11 years and 90 days.. 787 26
*81 1881.
May 17. By cash...................... 600 00
Interest from date at 7 per cent per
annum, 9 years and 304 days.. 412 98
1882.
Sept. 19. To amount of judgment received in suit, McGrath vs. St. Lawrence
Mining Co..................
Interest from date at 7 per cent per annum, 8 years and 181 days..
600 00 356 83
$3,757 07
1889. Or.
July 13. Fees to attorney, etc.....$ 30 60
1890.
. Jan. 11. Judgment in Gowper vs.
McGrath............. 800 00
Interest from date at 7 per cent per annum from date to Mаrch 11,1891. 66 00
1890
Dec. 23. Fees to attorney, etc..... 30 00 926 60
$2,830 47”
The claim was rejected and in due time thereafter the plaintiff commenced this action. By his complaint he set up that the monеys were received and held by deceased “ in trust for the use and benefit of plaintiff.” The nature and terms of the trust are not, however, disclosеd. The defendants by demurrer and by answer pleaded the statute of limitations.
When the evidence had been received the court instructed the jury to render a verdict for defendants, which it did, and judgment was entered accordingly.
In so doing the court said: “Of course, if the property was reсeived in trust, then the statute never runs as long as the trust exists and the relation continues; and it would not run until some repudiation of the trust
“ Treated as a simple money demand it would clearly be barred on its face, inasmuch as the party did hot commence a suit while Carroll was alive, but until after he died.
“In the case of Lathrop v. Bampton,
The judgment of a trial court does not depend for its sufficiency upon the reasoning by which it is reаched. The opinion of the judge may be erroneous, while the conclusion arrived at and given expression in the judgment may be just and sound.
So hеre the ground upon which the court rested its decision is immaterial if the conclusion reached was the only one justifiable. Moreover, the language of the judge indicates an appreciation of the situation of the parties, and we are inclined to believe that it fаils to give a full exposition of the principles involved, not from oversight, but because of the lack of opportunity
Lathrop v. Bampton, supra, holds that equity will enforce a trust against the pеrsonal representatives of a deceased trustee, and without the presentation of a claim against the estate, when the identical trust property or .its product in a new form can be traced into the estate and so into the possession of the representatives. But a beneficiary who is unable to do this must rely on the pеrsonal liability of the trustee, and so relying has only a claim against the estate which must be duly presented for allowance.
But such a claim is still bаsed upon the trust, whatever that may have been. It has its origin in the trust, and depends for its validity upon the legality and sufficiency of the trust. The fact that thе beneficiary is obliged to present his claim and look like a general creditor to the assets of the estate for payment, does not change the nature of his demand, which is still one for property due under a trust accounting; it merely has changed his remedy.
In an express trust thе statute of limitations is not set in motion against the beneficiary during the term of its existence, unless the trustee has in some unequivocal way, with noticе to the beneficiary, repudiated the trust. If, during his lifetime, the trustee has not done this, his ■death will not be held to be such a repudiation. The rights of the beneficiary remain unaffected by this event; his remedies, however, will depend upon his ability or inability to trace the specific trust property.
Whеn, as here, he is obliged to look to the general assets and to present his claim, in the absence of repudiation, the statute of limitations is set in motion from the time of the first publication of the notice to creditors.
No action can be brought by the holder of such a clаim unless it be first presented (Code Civ. Proc., secs. 1493, 1500), and every claim must sufficiently indicate the nature and amount of the demand to enable the executor and judge in probate to act advisedly upon ite
In this case the claim presented was a simple demand for money lent, accompanied by a demand for legal interest, with whiсh such moneys are charged. No hint or suggestion is made of a trust, and the debts set out were all long barred by the statute óf limitations. Upon such a clаim the executors had no discretion. Their plain duty was to reject it as they did. (Code Civ. Proc., sec. 1499.) •
• In the complaint for the first time there is a рlea of trust (without disclosure of its terms even then), and the defendant executors are compelled to meet a cause of aсtion unsupported by the claim presented, and a claim founded thereon which had never been presented and upon which they had never been called to pass.
They did this by pleading the statute of limitations, which was a good plea directed against the rejected сlaim that plaintiff was compelled to set forth in his complaint. They might also have pleaded the variance and nonpresentation in abatement, but, under the circumstances, we are of the opinion that the point is sufficiently presented by the plea of the statute, and this seems to have been in the mind of the court when it said: “Treated as a simple money demand, it would clearly be barred on its face, inasmuсh as the party did not commence a suit while Carroll was alive, but until after his death.....You have presented a demand and claim against the estate, and that makes your cause of action.”
For the foregoing reasons the judgment appealed from is affirmed.
McFarland, J., Van Fleet, J., Harrison, J., Beatty,; C. J., and Garoutte, J., concurred.