Majority
Headnote
1. Trusts (§ 81[1] )—Creation.This is an appeal from a judgment adjudging that the defendant holds title to certain real property in trust for the plaintiff, and that the plaintiff has an equitable lien thereon for the sum of $4,200, with interest from November 22, 1906. The appellant, appealing upon the judgment roll, contends that the findings do not support the judgment. In substance, the findings so far as
No trust resulted from the taking of the title in the name of the defendant John T. Pritchard, for that was done with the plaintiff’s knowledge and pursuant to the agreement upon which the plaintiff relies. There was no executory agreement that the said defendant should hold the title as trustee, or that the property purchased should constitute a trust estate to provide for the plaintiff’s support which, though void in law, equity, to prevent the abuse of a relation of trust and confidence and the consummation of a fraud, might seize hold of for the purpose of impressing a constructive trust, as in Wood v. Rabe, 96 N. Y. 414 , 48 Am. Rep. 640 , and Goldsmith v. Goldsmith, 145 N. Y. 313 , 39 N. E. 1067 . Nor is it a case where equity will fasten a trust ex maleficio upon a gift for the purpose of compelling the donee to perform the promise in reference to it, and but for which it would not have been made, as was the case of Ahrens v. Jones, 169 N. Y. 555 , 62 N.
Doubtless, the plaintiff might treat the defendant’s refusal to execute the written agreement as a breach and sue to recover back the money paid. If there has been a refusal to perform the agreement znáde, and I do not think the findings show that there has been except in reference to the execution of the written agreement, the plaintiff can sue for the breach of the agreement, and there is no fact found which supports the conclusion that he has not an adequate remedy at law; or that he will be unable to obtain satisfaction of any judgment at law which he may obtain. Indeed, the defendant has at least the real property in question.
I do hot say that, if it were necessary to protect the plaintiff’s rights, equity would not impress an equitable lien upon the premises in question. But certainly, before the exercise of. such remedial jurisdiction, it should plainly appear that he has no adequate remedy at law.
The judgment should be reversed.
Judgment reversed and new trial granted, costs to abide the final award of costs. All concur, except RICH, J., who dissents.
Cases cited
- Wood v. Rabe 96 N. Y. 414 p. 883
- Goldsmith v. Goldsmith 145 N. Y. 313 p. 883
- Ahrens v. Jones 169 N. Y. 555 p. 883
- Leary v. Corvin 181 N. Y. 222 p. 884