Stockton v. Matson

Citations

• 23 Ohio C.C. Dec. 170
• 15 Ohio C.C. (n.s.) 12

Syllabus

<p>Verbal Agreement to Purchase Property In Name of One Party and Reconvey to Second Party not Enforcible, no Trust Results.</p> <p>S made a verbal agreement with M and wife that the latter parties should purchase a certain piece Of real property with their own funds and take title in the name of the wife, and after such purchase and conveyance M and wife were to convey^ an undivided one-half interest in the property to S, he paying one-half the original purchase price. M and wife purchased the property with their own money — S paying no part of the purchase money — and took title in the name of the wife. On refusal of M and wife to convey to him, S brought suit to recover an undivided one-half interest in the property. Held, that no trust resulted from the transaction and that the verbal agreement could not be enforced.</p> <p>[Syllabus by the court.]</p>