272 Pa. 370 | Pa. | 1922
Opinion by
This proceeding in equity was begun for the purpose of compelling defendant to account to plaintiff for a share of the profit derived from the sale of coal property, located near Millsbpro, Fayette County, which plaintiff and defendant bought together, each supplying one-half the consideration, plaintiff, previous to the sale, having conveyed to defendant his undivided half interest in the property. Plaintiff claimed a share in the profits of the sale, alleging in support of his claim that defendant concealed from him the fact that negotiations for the sale were pending previous to and at the time of the conveyance of plaintiff’s interest to defendant. The bill asked that defendant be declared trustee of a mortgage, forming part of the consideration for the property, and that the court fix the exact amount of plaintiff’s interest in the security. The court below dismissed the bill on the ground that plaintiff failed to prove facts necessary to create a constructive trust, or make defendant a trustee ex maleficio of the one-half interest in the land. Plaintiff appealed.
It appears from the findings of the court below, which are amply supported by the testimony, that plaintiff and defendant had for some time conducted negotiations with various persons for the sale of the property, among them Bobert L. James, of the City of Pittsburgh, who
The testimony shows that James subsequently decided to carry out his original desire to purchase the property at the price named. There is no evidence that an agreement to that effect existed at the time plaintiff sold his interest to defendant. Although negotiations had been pending with James for some time, plaintiff knew of
Under all the circumstances, the court below properly concluded that plaintiff failed to prove the facts necessary to entitle him to an accounting of the proceeds of sale of the property.
The decree of the court below is affirmed at plaintiff’s costs.