delivered the opinion of the court.
Thе complainant herein is a grandson of the late Volney F. Gossett. Mr. Gossett and his grandson were on affeсtionate terms, and the grandfather bought an interest in an insurance and real estate business at Knoxville for his grandson. Mr. Gossett took no active part in the management of this business himself, but the partnership continued for sеveral mopths.
In November, 1915, Mr. Flenniken, one of the partners, undertook to buy out the interests of the other twо partners. On November 18, 1915, he concluded an arrangement with Mr. Gossett, whereby he bought the latter’s interest in the firm fоr $100 cash, to be paid to Ralph W. Thompson, the complainant, the assumption of a $250 note which Gossеtt had in bank, and $1,050 to be paid by Flenniken to Gossett in installments of $50 per month
Gossett died on November 24, 1915, a few days after this trade was agreеd on between him and Flenniken. The $100 was not paid to complainant until after Gossett’s death, nor was the $250 note assumed by Flenniken until after Gossett’s death. Likewise the twenty-one notes had not been delivered, and Flenniken thinks he had not signed them until after Gossett’s death.
In August, 1915, Gossett made his will, whereby he gave to his grandson, the complainant hеrein, his interest in this business.
After the grandfather’s death Flenniken paid to complainant the $100 and he delivered to Gоssett’s executor the twenty-one notes and assumed the $250 note of Gos-sett’s in the’ Third National Bank at Knoxville.
The complainant brought this suit to recover from the executor the twenty-one notes executed by Flennikеn or the proceeds of such of them as had been collected by the executor. The chanсellor decreed in complainant’s favor. The court of civil appeals reversed the decree of the chancellor upon the ground that there had been an ademption of the legaсy of testator’s interest in this business by the contract of sale respecting this interest, made with Flen-niken before testator’s death.
We think the court of civil appeals was in error, and that the chancellor was correct.
This contract which Gossett and Flenniken made, according to the intention of the parties and the natural course of events, required more than one year for its completion. It called for installment payments of $50 each, covering a period of twenty-one months. It there
The contract was wholly yerbal. There was no writing about it, except the twenty-one notes. They were probably not executed until after Gossett’s death, certainly not delivered. If they had been executed prior to testator’s death thеy did not amount to sufficient memorandum.
We have considered the question of ademption of legaciеs in several recent cases. Banking Co. v. Balfour,
In Donohoo v. Lea,
In Blair v. Snodgrass,
It may be conceded that everything wаs done between Gossett and Flenniken to complete the transaction between them except the execution of the memorandum which the statute requires. Nevertheless, the contract could not have been enforced by either party in the absence of any
What was done after the death of Gossett between Flen-niken and the executor could not have affected the complainant’s rights. An ademption must be accomplished by the testator in his lifetime.
A numbеr of cases are collected in a note, 40 L. R. A. (N. S.), 546, in which unenforceable contracts and contrаcts that failed for one reason and another were held ineffectual to adeem a legaсy.
It makes no difference that Flenniken and the executor undertook to go on with the contract after Gossett’s death, nor that neither of them relied on the statute of frauds. Under the law a contract of sale, to have the effect ascribed by the defendants to this one, must be enforceable, and not susceрtible to defeat by a plea of the statute of frauds. The complainant pointed out by an amendmеnt to his bill this defect in the contract here under consideration.
The right of the complaiant to maintain this suit is quеstioned in the brief, but the court of civil appeals found in his favor, and the defendants have not brought this question uр by petition for certiorari. We cannot therefore consider it.
The decree of the court of civil appeals is reversed, and the decree of the chancellor is affirmed.
