112 Pa. 485 | Pa. | 1886
delivered the opinion of the. court, April 19th, 1886.
This was an action of debt brought by Charles E. Ellis, acting trustee of the will of Amos Ellis, deceased, against James J. Murray, to recover purchase money alleged to be due on certain articles of agreement, dated 10th of March, 1884, by which the said Ellis, in consideration of the sum of $21,500, agreed to sell to the firm of Murray & Gill certain real property therein described, free and clear of incumbrances. The vendee agreed to pay, and secure the payment of the sum of money above stated, as follows: “$1,500 or more, at the option of the purchaser, upon the execution and delivery of the deeds for the said premises, and the balance to be secured upon the said premises by a bond and mortgage in the usual form, without state tax, at the rate of five per cent, per annum, payable half yearly, the first payment to be made January 1st, 1885, said balance so secured to be paid at any time within five years.” The vendor covenanted, inter alia, that the title to the said premises, and eveiy part thereof, should be good and marketable. These articles were signed and sealed by Charles E. Ellis, as executor of Amos Ellis, and by James J. Murray, the defendant. Some time after the execution of the paper above mentioned the plaintiff'tendered a deed to the defendant for the property described in said articles, and demanded the money and mortgage as therein stipulated. This deed thus tendered was by Murray submitted to his attorney for examination, who pronounced Ellis’s title defective and not marketable, whereupon the defendant refused performance on his part, and, as a consequence, suit was brought to compel payment of the full sum of $21,500.
The issue, then, is upon this single question: Was the title thus tendered marketable — such as a chancellor would compel the defendant to accept? Admitting the validity of the deed
Let us now turn to the title before us. In the outstart we find that the legal estate never was in Amos Ellis, however it might be with the equity. Edward G. James, the common grantor, conveyed to Thomas Richardson, his heirs and assigns, by deed dated March 20th, 1865, but some seventeen days before this time Richardson had deceased, so that the title passed directly to his heirs, and were it not for his will their title would be complete and perfect. When, therefore, Stephen S. Price, executor of Thomas Richardson, on the 7th of October, 1867, conveyed to Amos Ellis, he had nothing on which the conveyance could operate but an equitable estate,
The judgment is reversed and a new venire ordered.