Altoona Trust Co. v. Ison

186 S.W. 515, 170 Ky. 706, 1916 Ky. LEXIS 117
Court of Appeals of Kentucky·Decided June 9, 1916·Published·Cited by 7 cases

Opinion

Opinion of the Court by

"William Rogers Clay, Commissioner

Reversing both on original and cross-appeals.

These two appeals, growing out of the same facts and prosecuted on the same record, will be considered in one opinion.

On March 18th, 1910, Clint Ison and his wife, Nancy, entered into a written contract with one, Leland H. Moss, by which they, in consideration of $25.00 in hand paid, proposed to sell to him a tract of land in Letcher county containing about five hundred acres at the price of $8.00 per acre, to be paid upon the execution and delivery of a deed conveying good title with covenant of general warranty. The contract was to be binding upon its acceptance by Moss in writing at any time within twelve months from date. Subsequently Moss assigned the contract to the Swift Coal & Timber Company. On March 10th, 1911, the Swift Coal and Timber Company brought this, suit against Clint Ison and wife for specific performance. By answer and cross-petition the Altoona Trust Company, which was made a party defendant, asserted title to certain portions of the land in controversy. By amended petition it subsequently counted its claim or ownership to a tract containing 83.62 acres. ' On final hearing Ison was adjudged to be the owner of the 83.62 acre tract and Specific performance of his contract with the Swift Coal and Timber Company was decreed. From this judgment both the Altoona Trust Company and the Swift Coal and [708] Timber Company appeal, and the Isons prosecute a cross-appeal. - .

The Isons defended on the ground that the contract with Moss was obtained by fraud, and that written acceptance of the contract was not given him within the twelve months from its date. Without entering into a discussion'of the facts on which the claim, of fraud is based, it is sufficient to say that the evidence not only falls far short of being of that clear and convincing character that would justify the conclusion that the contract was obtained by fraud, but plainly shows that the Isons, several months after the execution of the contract and with full knowledge of all the facts, accepted a portion of the purchase price and offered to bring suit to clear their title, and to make a deed to the land, and thereby lutified the contract and condoned' the fraud, even if the contract was obtained by such means.

On the question of the acceptance of the contract, O. A. McCoy, chief counsel and vice-president of the Swift Coal and Timber Company, testified that on September 12th, 1910, he delivered to Ison a check for $500.00 as part payment on the land, and at the same time gave him a typewritten notice, signed by McCoy as attorney for the company, notifying Ison that as assignee of the Moss contract the company accepted said contract and was ready to pay the balance of the purchase price upon the execution of a proper deed. The check is produced in evidence and Clint Ison admits receiving the money, but denies having been served with the notice. We conclude that this evidence is sufficient to show that the contract was accepted in writing. It is by no means probable that the company would have made such a substantial payment on the purchase price without accepting the contract and taking the necessary steps to show its acceptance. It follows that specific performance was properly decreed.

Another complaint by the Isons is that the judgment gives the Swift Coal and Timber Company credit on the purchase price for a payment of $525.00, and for a subsequent payment, made in September, 1910, of $500.00. We have carefully gone over the record and are unable to find any evidence of the fact that two $500.00 payments were made to Ison. The only payments that were made was the payment of $25.00 when the contract was executed, and the further payment of $500.00 on Sep[709] tember 12th, 1910. That being true, the judgment in allowing credit of $525.00 and ánother credit of $500.00 is erroneous.

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Altoona Trust Co. v. Ison, 186 S.W. 515, 170 Ky. 706, 1916 Ky. LEXIS 117 (Ky. Ct. App. 1916).

186 S.W. 515 (Altoona Trust Co. v. Ison) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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