Cooper v. Aycock

Bell, Chief Justice.

The plaintiff sought a decree of title to describe realty on the theory of implied trust, and he prayed also for an accounting for rentals. He alleged, as the basis of his suit, that in 1929 he purchased the equity of a third person in the realty in question, had the title to such equity conveyed by deed to the defendant, and entered into an oral agreement with the defendant, under which the defendant was to manage the property, collect the rentals, pay insurance premiums, taxes, interest on outstanding loans, and other overhead charges, and account to the plaintiff for…