2. By a marriage settlement, a rent charge of 2001. a year was secured to the wife for life, payable quar- terly, with powers of distress, &c. To enable the husband (to mort- gage, the wife released her rent charge to the mortgagee. The equity of redemption was reserved to the husband, who covenanted to convey other lands on the trusts of the settlement. The husband, by his will, gave his real and per. sonal estate to his brother, on con- dition that he would allow his wife 300l. a year for life. Held, that the 2001. a year remained a valid charge on the equity of re- demption; and secondly, that it was not satisfied by the 3007. a year. 3. In a foreclosure suit, the mortgagee having received rents between the date of the Master's report and the day appointed for payment, the Court, on motion, referred it back to the Master to continue the accounts, and to fix a new day. Ellis v. Griffiths.
NEXT OF KIN. The ultimate trust in a marriage settlement of a fund belonging to the wife, was to her executors or administrators. Held, first, that the surviving husband, who was her administrator, and not her next of kin, was entitled; and, secondly, that if by those words her next of kin were intended, then that the next of kin at the death of the wife, and not of the husband (who was tenant for life), were entitled. Allen v. Thorp.
undue influence has been exercised on the part of the child, and a party seeking to maintain such a transaction must shew that that presumption is adequately re- butted. Archer v. Hudson.
Page 551 3. Though Courts of equity do not interfere to prevent an act even of bounty between parent and child, yet they will see that the child is placed in such a position as will enable him to form an entirely free and unfettered judgment, in- dependent altogether of any sort of control.
1. Where a voluntary trust is per- fected, the settlor is not a neces- sary party to a suit by the cestui que trust against the trustee, to compel its performance. Reed v. O'Brien.
32 2. In a suit to remedy a breach of
trust, it is not, since the New Orders, necessary to make every party participating in the breach of trust party to the suit. At- torney-General v. Corporation of Leicester. 176 3. The ultimate limitation in a mar- riage settlement of a fund belong- ing to the husband was "for the next of kin or personal represent- atives of the husband, in a due course of administration, accord- ing to the statute of Distributions." The husband left his wife sur- viving, and A. B., his next of kin, was a feme covert. In another
suit, the fund had been treated as part of the residuary estate of the husband, and had been ordered to be paid over to two charities, who were residuary legatees. A bill being filed by the represent- atives of A. B., the next of kin, claiming the fund: -Held, that the next of kin of the wife of the settlor and the charities were ne- cessary parties, but that the repre- sentatives of the deceased husband of A. B., who had administered to his wife, were not necessary parties to the suit. Kilner v. Leech. Page 202
4. An estate subject to a mortgage was devised to executors for a term for payment of debts, and subject thereto, to one for life, with remainder over. The execu- tors joined in a transfer of the mortgage, and raised a further sum alleged to be necessary for payment of the debts. The tenant for life, with the concurrence of the executors, afterwards sold the property absolutely, and the pur- chaser paid off the mortgage. A bill being filed by the remainder- man to redeem the purchaser, on payment of the original mortgage only, and the cause being set down on an objection for want of par- ties: Held, that the Plaintiff was not at present, bound to make the executors parties. Greenwood v. Rothwell. 279
5. To a suit seeking to wind up the affairs of a club or partnership, all persons interested must be made parties, though they are
numerous; it is not sufficient for one to sue on behalf of the others. Richardson v. Hastings.
Page 301 6. A club was dissolved, and the committee were authorised to re- alise the assets and wind up the affairs. For that purpose the lease was vested in A., B., and C. A. and B., without the concurrence of the other members of the com- mittee, sold the lease and pro- perty, and received the amount. A. B. and D. (another committee- man) signed the receipt, but A. and B. alone received the money. In a bill to make A. and B. ac- count: Held, that C. and D. were not necessary parties. Ibid. There are two general rules of the Court; first, that all persons interested in the subject-matter of the litigation ought to be parties; the second, that the Court always endeavours to do complete justice, so that the matters involved in the suit may not be left open to fu- ture litigation; but these rules are both occasionally departed from. Ibid.
8. By the rules of a club, the bankers were alone authorised to receive money on account of the club. Some of the members sub- scribed and purchased the furni- ture, which, by deed executed by the subscribers, was vested in the Plaintiff A. B., in trust to repay the amounts subscribed, and to pay the surplus to the committee for the benefit of the club. The club becoming embarrassed, was X x afterwards
afterwards dissolved, and the com- mittee was authorised to wind up the affairs. Two of the committee, C. and D., sold the furniture, and alone received the produce, to- gether with other general assets of the club. A bill was filed by A.B. on behalf &c., against C. and D., and E., a nonsubscribing member, to recover the monies in the hands of C. and D., and praying that the furniture money might be paid to the Plaintiff, on the trusts of the deed," or otherwise as the Court might direct," and that the general assets recovered might be paid to the bankers, or otherwise &c. Held, that the bill was not de- fective for want of parties, and that neither the other parties to the deed, nor the other members of the club, were necessary parties. Richardson v. Hastings. Page 323 9. Observations on what is termed the "substantial representation,"
in a suit of absent parties, and how See PRODUCTION OF DOCUMENTS, 7.
far such absent parties are bound. Powell v. Wright. 10. After bill filed but before sub- pæna served, the Defendant as- signed the subject-matter of the suit: Held, that the assignee was a necessary party, and that the Court would, if necessary, grant an injunction to restrain any fur- ther assignment. Ibid. 11. Scheduled creditors to a cre- ditor's deed, who were not parties thereto, held not necessary parties to a suit by a subsequent incum- brancer, to have the monies out of which it was intended to pay such
PARTNERSHIP.
A. and B. purchased realty out of their partnership assets, which was used for their partnership purposes, and was in equity to be considered as personalty. A new partnership was formed between A. B. and C. The realty was con- tinued to be used for the partner- ship purposes, but A. and B. stipulated for a rent to be paid them by the new partnership composed of A. B. and C. A. died. Held, the property was, in equity,
to be considered as part of his real | 3. The whole fund ordered under estate. Rowley v. Adams. the circumstances to be paid into Court by an administratrix, who was partially interested. Score v. Ford. Page 333
Page 548 See PARTIES, 5, 6, 7, 8.
« ElőzőTovább » |