23 N.J. Eq. 483 | New York Court of Chancery | 1873
The complainant in this case took under his grandfather’s' will a fee simple estate, but it was not an indefeasible estate. It would not descend to his heirs or pass to his devisees or assigns, in case he should die without lawful issue, and in the lifetime of either his brother Michael or his sister Margaret. It would under the will go to them. This is admitted; and it is also admitted that if Michael or Margaret should die before the happening of Isaac’s death as above, the survivor would take the whole. In such case the complainant insists
There can be no doubt, I think, that ibis insistment is correct. It seems to be expressly and conclusively sustained by the Court of Errors of this state, in Moore v. Rake, 2 Dutcher 574. The doctrine there applied and declared to be a general principle deducible from all the authorities is, that an instrument which legally creates an estoppel to a party undertaking to convey real estate, having nothing in the estate at the time of the conveyance, but acquiring a title afterwards by descent or purchase, does in fact pass an interest and a title from the moment such estate comes to the grantor. This being so, it is incontrovertible that in the event of Michael or Margaret being alive at Isaac’s death, without lawful issue, the deed already executed by them would pass tlie title they or either of them should then acquire. In the contingency so far supposed the title offered by the complainant’s bill is good, and the demurrer is without ground to stand on.
But it is said that the further contingency is to be supposed of the death of both Michael and Margaret before the death of Isaac, and that upon his death without lawful issue, the issue of Michael or Margaret would take by virtue of the devise. 1 think it perfectly clear that the issue of either Michael or Margaret would not take, and that the estate of Isaac is defeasible only upon tlie happening of the precise events specified in the will, viz. his death without lawful issue and in the lifetime of either Michael or Margaret. This is what the will says, and I can see no reason or principle in giving it any other effect or meaning. This plain, natural, and literal construction is expressly adjudged to be the lawful one, in Seddel v. Wills, Spencer 223.
„ A court of equity will not compel a purchaser to take a doubtful title. If there is such an uncertainty about the title as to affect its marketable value, even though a court might
The other points relied on by the complainant, as to the operation of the deed as a release, I think insufficient, standing alone, to support a decree; but it is unnecessary to hold them altogether without force.
I shall advise a decree in accordance with the above.