80 Iowa 738 | Iowa | 1890
— I. The defendants, Steely and wife, as a defense to the cross-bill of Rees & Co., plead that the mortgage sought to be enforced in the cross-bill was given by them under these circumstance: The son of defendants had been in the employment of Rees & Co., who claimed he had misappropriated and embezzled a large sum of money coming into his hands in the' course of his employment, and that unless they at once secured the payment of the money alleged to have been misappropriated their son would be prosecuted by criminal proceedings instituted against him. The desire of defendants to prevent a criminal prosecution against their son, and the promise of Rees & Co. that he should not be prosecuted, constituted the sole consideration and inducement for the execution of the notes and mortgage in suit. ,
II. In our opinion, the evidence supports these allegations of defendants’ answer. It is established by the evidence that defendants, Steely and wife, owed Rees & Co. nothing, and that no consideration whatever existed other than the promise of Rees & Co. not to prosecute their son. There was no other inducement for the execution of the notes and mortgage than the desire of the mortgagors to prevent a criminal prosecution against their son. As to these facts we thinly there can be no dispute.
III. It plainly appears from these facts that the notes and mortgages are wholly without consideration. It will not be claimed that a promise to prevent a criminal prosecution, which is threatened to induce the payment of money alleged to have been embezzled, will support a promise to pay money. This point demands neither discussion nor authorities for its support.
IY. We need not inquire into the soundness of the position of Rees & Co.’s counsel to the effect that,
Affirmed.