110 Neb. 229 | Neb. | 1923
Lead Opinion
Action brought by Jennie Novak against her brother, George Reeson, to collect the interest on a promissory note for $1,000 executed by her brother under the following circumstances:
In April, 1918, Samuel Reeson, an aged man, had $5,000 to his credit in the bank. He, having already provided for his sons, was desirous of giving $1,000 of this to each of his four daughters, namely, Jennie Novak, Martha Pospishel, Mary Baker, and Charlotte Hietzman, and to retain $1,000 for himself. However, his son George Reeson, desired to borrow $1,000 from his father for a period of three years. The father only desired to loan the money for one year. Finally he called to Mm his sons Walter and Charles and explained to them the situation and stated that he consented to let his son George have the $1,000 for three years; that in turn George was to sign four notes for $1,000 each in favor of each of his four daughters above named; that said notes were to be held by Walter, the interest collected and paid to the father during his lifetime, and at his death the notes were to be turned over to the daughters named therein. Thereafter, in accordance with this plan, Samuel Reeson went to D. W. Merrow, an attorney in Omaha, Nebraska, and had him draw up four notes in the sum of $1,000 each, payable to each of his four daughters, due in three years, with interest at the rate of 5 per cent, per annum, payable annually, and, together with a check for $4,000 payable to George Reeson, transmitted the same to his son Walter, with directions to turn over to George
The father died September 23, 1918. George paid the interest due on the notes to Walter up until the time of the father’s death. After her father’s death Jennie Novak brought this action to recover the interest due upon the note made in her favor, and the trial court, a ó the close of the evidence, directed a verdict in favor of the plaintiff for the full amount of the interest claimed. From this verdict- and judgment thereon defendant has appealed.
The main question argued by the appellant is that the evidence is insufficient to show the delivery of this note to the appellee, in that there was not a completed gift of the note and the same was canceled and destroyed by the donor during his lifetime while it was within his control, and, therefore, any previously intended gift thereof was revoked and annulled.
The gift being completed and irrevocable, the mere fact that the donor thereafter, without the knowledge or consent of the trustee or the donee, secured the notes from the trustee’s box and destroyed them did not reinvest the title in the donor. In Brooks v. Brooks, 105 Neb. 235, the father, who was the donor, obtained possession of an unrecorded deed, which had been delivered to his son and had been placed in a writing desk in the bedroom of the father, and burned it, saying that he wanted to make different arrangements. It was held that the title had passed by the deed. In Svanda v. Svanda, 86 Neb. 203, it was held that destruction by the grantor of a deed conveying real estate, after delivery' and without the consent of the grantee, did not divest the grantee of the title. In Brown v. Hartman, 57 Neb. 34-1, it was held the destruction of a deed after its delivery did not divest the title of the grantee, even though the deed was surrendered by the grantee to the grantor.
The evidence affirmatively shows that before her father’s death the appellee was informed by her father that Walter held-the four notes and that after his death they became the property of the daughters. The daughter Charlotte also testified to a conversation wherein her father told her about the notes, referred to the destruction of them', and said that “George was as honest a boy as he ever had, and he said he would pay them without the notes— he would give them to us girls.” The plan of withholding enjoyment of the money from the daughters during the lifetime of the father was planned to benefit the - appellant, who desired the use of this money for-three years. He was present at most of the conversations concerning the arrangement between the other sons > and the father. He; owes the money and agreed' in the note to pay it to the appellee and this .agreement is enforceable. Tweeddale v. Tweeddale, 116 Wis. 517.
Objection is made to the testimony of B. W. Merrow,
The trial court was right in directing a verdict, and the judgment is therefore
Affirm».
Dissenting Opinion
dissenting.
From an' examination of the record, I reach the conclusion that the father never intended to make, and did not make, such delivery of .the notes as to divest him of their control and ownership.