153 Ky. 701 | Ky. Ct. App. | 1913
Opinion op the Court by
Affirming.
This appeal involves purely questions of fact. It appears that the appellee, Leroy Condor, on account of his age and feebleness, was unable to attend to his business, and having several lien notes of one hundred dollars each, he assigned six of these notes to his son, J. W. Condor. It further appears that J. W. Condor owed the appellant, Renfrow, four hundred dollars, and soon after obtaining possession of these notes, he assigned four of them to Renfrow in satisfaction of the debt. As soon as Leroy Condor discovered that his son had transferred these notes to Renfrow for the purpose stated, he brought a.
After this Leroy Condor brought this suit in equity against Renfrow, in which he averred that J. "W. Condor was insolvent and that an execution on the judgment against him had been returned ‘ ‘ no property found:’ ’ He further averred that when Renfrow took an assignment of the notes from J. W. Condor he knew that J. W. Condor had no right to assign them, and that he was holding them simply as his agent for the purpose of collecting them for his benefit and account. He asked that Ren.frow be compelled to deliver the notes to him, or if not, that he have judgment against him for the amount of them.
Por answer to this suit Renfrow merely traversed the averments of the petition. On hearing the ease, after the evidence was in, the lower court gave judgment against Renfrow for four hundred dollars and interest, and he appeals.
Leroy Condor, the only material witness in his own behalf, testified in substance that being unable to look after his business, he concluded to transfer to his son, J. W. Condor, six of the one hundred dollar notes, and did so under an agreement that his son would collect the money on them, and after paying his debts, account to him for the balance; that he and his son went to Renfrow, and after he had stated the arrangement between them, Renfrow, acting for him, wrote an assignment on the notes, and also wrote out and gave to him a statement showing the date and amount of the notes he had thus assigned; that Renfrow knew the condition under which the notes had been assigned; that soon after this his son collected two of the notes and accounted for the proceeds, and assigned the other four to Renfrow, and as soon as he learned of the assignment of the notes to Renfrow, he at once went to see Renfrow about it, and not getting any satisfaction, brought, first the suit against his son before mentioned, and then this suit against Renfrow.
Renfrow admits writing the assignment on the notes and the statement, but denies that Leroy Condor told
J. W. Condor, who testified in behalf of Renfrow, said in substance that his father gave him the notes, and that he had the right to assign them in settlement of his debt.
We have read the evidence carefully and have reached the conclusion that the chancellor correctly held that Renfrow had sufficient information of the purpose of the assignment of the notes at the time the transaction occurred to put bim on notice that J. W. Condor did not have authority to transfer them to him in settlement of his debt, and, therefore, in taking them he does not occupy the attitude of án innocent purchaser. It is true, the notes were assigned in writing in the usual way by Leroy Condor to J. W. Condor, but this circumstance does not aid Renfrow because he wrote the assignment, and, as testified to by Leroy Condor, was then advised why the assignment was made.
The further fact that Leroy Condor had Renfrow give bim a statement of the date and amount of the notes is a strong circumstance tending to show that something must have been said at the time the notes were assigned indicating the purpose of the assignment, as it is an unusual thing for the assignor of a note, who transfers unconditionally the title to another party to require the assignee to give him a statement showing the- date and amount of the note.
It is further argued in behalf of Renfrow that when Leroy Condor brought suit against J. W. Renfrow and obtained the judgment referred to, this was an election on his part to look alone to J. W. Condor for the notes or their value, and he could not thereafter proceed against Renfrow. We do not think, however, that the doctrine of election is applicable to this transaction. The case;
The judgment' is affirmed.