130 Iowa 523 | Iowa | 1906
The petition describes the property, and it is alleged that plaintiff is the owner of an undivided interest therein; that the defendant as sheriff of Johnson county having executions in his hands running against Lucy R. Porter, has levied upon, and is about to sell said interest, claiming that the same in fact belongs to and is the property of said Lucy R. Porter. The defendant answered, admitting his levy of execution upon the property in question as the property of Lucy R. Porter; and denying that plaintiff has any interest in said property superior to the lien of the judgment upon which the execution in his hands is bottomed. It is then alleged that said judgment was entered in March, 1903; that in October, 1904, said Lucy R. Porter, the daughter and an heir at law of Newton 'B. Richey, of Johnson county, and plaintiff, caused to be prepared, and there was signed by said Lucy R. Porter an instrument in writing as follows: “ Por value received I hereby assign, set over, and convey to Catharine L. Richey all of my expectancy in the estate of my father, Newton B. Richey, hereby authorizing and empowering the said Catharine L. Richey, to accept, and receive, and receipt any and all right and title or interest of mine in said estate which may hereafter accrue to me by virtue of my being an heir of the said Newton B. Richey, and I hereby authorize the executor or administrator of said estate to turn over to the said Catharine L. Richey all of my distributive share therein.” It is then alleged that said Newton B. Richey died in said county on January 10, 1905, intestate, and that he was survived by said Lucy R. Porter; that the latter at once became vested with an undivided interest in said real estate, upon which interest said judgment became a lien; that the assignment set out under which alone plaintiff claims conveyed no right, title, or interest to her; and that she took nothing thereby which can be- asserted as against such superior judgment lien.
The demurrer by which the answer was attacked was
It is generally recognized that at common law such transfers or assignments are of no validity. But by the great weight of authority it is within the jurisdiction of courts of equity to enforce such contracts after the death of the ancestor. Mally v. Mally, 121 Iowa, 169; 4 Cyc. 15, and cases in noté. It cánnot be said therefore that such contracts are void upon their face. According to the rule of the cases they may be avoided by one entitled to sue when not based upon an adequate consideration, or if wanting in tona fides. And in many of the states it has been held that the consent or acquiescence of the ancestor is essential to validity. This latter phase of the subject was broached in Mally v. Mally, supra, but no pronouncement was made. It is to be remembered that the controversy presently before us is not between the assignor and the assignee — the question
Accordingly the judgment is reversed, ánd the cause ordered remanded to the court below for an order to be entered in harmony with the conclusion above expressed, and for further proceedings according to law. — ■ Reversed.