Amidon v. Snouffer
Supreme Court of Iowa
Appeal from Linn District Court.— HoN. M. P. Smith, Judge. On May 5, 1905, J. J. Snouffer, Jr., procured a loan of $15,000 from the 'Citizens National Bank of Cedar Rapids, and to secure tbe payment thereof procured his parents, J. J. and Ann J. Snouffer, to convey to J. R. Amidon, as trustee for the bank, real property.
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Appeal from Linn District Court.— HoN. M. P. Smith, Judge. On May 5, 1905, J. J. Snouffer, Jr., procured a loan of $15,000 from the 'Citizens National Bank of Cedar Rapids, and to secure tbe payment thereof procured his parents, J. J. and Ann J. Snouffer, to convey to J. R. Amidon, as trustee for the bank, real property. Amidon and the borrower executed a contract by the terms of which the former agreed to reconvey the property to J. J. Snouffer upon payment, and in event of failure to pay grantee was authorized to sell it, or so much as was necessary, to satisfy the balance owing and any…
1Opinion of the Court
Ladd, O. J.—
i. Resulting parol ¿roof. The appellant, Annie Stevens, had no interest in the property in controversy, save as daughter and heir of J. J. Snouffer, deceased, and unless the latter was owner thereof, or had some interest therein which descended to his heirs, she is not in a situation entitling her to question the correctness of the decree. The oral evidence adduced shows conclusively that J. J. Snouffer, Jr., purchased the property, paid the consideration therefor, took possession of it, and operated it as a stone quarry, but took the title in the name of his father, J. J.…
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