Opinion

City Bank & Trust Co. v. Gardner

  • 225 Ala. 136
  • 142 So. 535
  • 1932 Ala. LEXIS 409
Court
Supreme Court of Alabama
Filed
Jun 9, 1932
Status
Published
Author
Brown
On the bench
Brown, Anderson, Thomas, Knight
Cited by
6 cases
Authority
More cited than 65.6%

The opinion

BROWN, J.

It is well settled by the decisions of this court, which are in accord with the weight of authority, that an oral express trust in personalty may be created; that such trust does not offend the statutes of

*138

fraud, and may be established and enforced in equity. Moore, Adm’r, v. Campbell, Ex’r, 113 Ala. 587 , 21 So. 353 ; Id., 102 Ala. 445 , 14 So. 780 ; Bishop’s Heirs v. Administrator & Heirs of Bishop, 13 Ala. 475 ; Barrell v. Hanrick, Adm’r, et al., 42 Ala. 60 ; Hill v. Hill et al., 216 Ala. 435 , 113 So. 306 ; 26 R. C. L. 1194, § 30; Barnes v. Barnes, 282 Ill. 593 , 118 N. E. 1004 , 4 A. L. R. 4; Straw v. Mower, 99 Vt. 56 , 130 A. 687 .

Money secured by mortgage on real property is within this rule. 3 Pom. Eq. Juris., 2232, § 1008; Tapia v. Demartini, 77 Cal. 383 , 19 P. 641 , 11 Am. St. Rep. 288 ; 26 R. C. L. 1194, § 30.

The averments of the bill as last •amended bring this case within this principle. The demurrer to the bill as last amended was, therefore, overruled without error.

Affirmed.

ANDERSON, C. J., and THOMAS and KNIGHT, JJ., concur.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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