Braude v. Wardy

172 N.E. 161, 340 Ill. 180
CourtIllinois Supreme Court
DecidedJune 20, 1930
DocketNo. 20183 Decree affirmed.
StatusPublished
Cited by3 cases

This text of 172 N.E. 161 (Braude v. Wardy) is published on Counsel Stack Legal Research, covering Illinois Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Braude v. Wardy, 172 N.E. 161, 340 Ill. 180 (Ill. 1930).

Opinion

Mr. Justice Heard

delivered the opinion of the court:

This is an appeal from a decree of the circuit court of Cook county ordering appellant, Stephan Wardy, to specifically perform a contract for the sale of real estate in DuPage county, entered into by appellee, Jacob Braude, as vendor and appellant as vendee.

On July 30, 1929, a written contract was entered into by the parties for the purchase and sale of lots 26 and 27 in Tiedemann & Franzen’s subdivision of blocks 2 and 4 in Brettmann’s addition to Bensenville, in the southwest quarter of section 13, township 40, north, range 11 east of the third principal meridian, in the village of Bensenville, Du-Page county, together with all improvements thereon, consisting of a two-story hotel and restaurant and including all the fixtures thereto belonging. The purchase price was $20,000 — $1000 cash, which was paid, $5000 to be paid within five days after the title had been examined and found good or accepted, provided a good and sufficient general warranty deed conveying to the purchaser a good and merchantable title to the premises (subject to a mortgage of $8000, due in three years, with interest at seven per cent per annum, payable semi-annually,) shall then be ready for delivery, the balance to be paid as follows: A first mortgage of $3500, due in five years, with interest at six per cent, secured by property at 1557 Clybourne avenue, Chicago, and the balance of $2500 to be paid in monthly installments of $100 or more, to be secured by mortgage or a trust deed on the premises. The contract was in the usual form in use in such cases in the city of Chicago. The contract provided that a certificate of title issued by the registrar of titles of Cook county or a merchantable title guaranty policy made by the Chicago Title and Trust Company should be furnished by the vendor to the vendee within a reasonable time, and that the purchaser or his attorney, within ten days thereafter, should deliver to the vendor or his agent a note or memorandum in writing, signed by him or his attorney, specifying in detail the objections he makes to the title, if any. In case material defects be found in the title and so reported, it is provided that if such defects be not cured within sixty days after such notice thereof the contract should at the purchaser’s option become null and void and the earnest money returned. On August 7 appellant went to W. H. Katt’s office, who was appellee’s attorney, and told him that he could not go through with the deal and buy the property, giving his reasons for not wishing to do so. There is a decided conflict in the testimony as to what those reasons were, but it is not claimed by either party that the reasons assigned were any which are now here assigned as reasons why appellant should not be compelled to carry out his contract. Appellee procured from the Chicago Title and Trust Company a guaranty policy and gave the same to appellant and told him to submit it to a lawyer. Appellant, without submitting the same to a lawyer, returned it to appellee with the statement, “Well, the papers might be all right but I cannot take the property — I cannot buy it.” He was again given the guaranty policy and told to have it examined by his attorney. On August 13, 1929, Katt, as attorney for appellee, received a letter from a lawyer purporting to represent appellant, stating that the' lawyer had advised appellant that he was under no obligation to proceed with the consummation of the contract and was entitled to a return of the earnest money for the reasons (1) that the description of the premises in the contract is indefinite, in that they are described as lots 26 and 27 in Tiedemann & Franzen’s subdivision, etc., while the guaranty policy described the premises as lots 26 and 27 in block 4 in Tiedemann & Franzen’s subdivision; (2) that under the terms of the contract he is to accept the premises subject to a first mortgage in the sum of $8000, due in three years, with interest at seven per cent per annum, payable semiannually, while the guaranty policy shows that the premises are subject to a trust deed dated February 3, 1919, made by Robert Leith and wife to the Chicago Title and Trust Company to secure their eight notes, one for $5000 and seven for $1000 each, all due five years after date, with interest at six per cent per annum, payable semi-annually; and (3) that at the time appellant entered the contract he was assured that there were no special assessments' against the premises and that all assessments for improvements completed had been paid in full, while the policy shows four special assessments unpaid. The letter stated that for these reasons appellant refused to go on with the contract and insisted on a return of his earnest money. Appellee tendered a deed to appellant and demanded that he complete the deal, which he refused to do.

While the deed tendered appellant described the property as lots 26 and 27 in block 4 in Tiedemann & Franzen’s addition and the contract described them as lots 26 and 27 without mentioning block 4, they were further described as being in the village of Bensenville and as having a two-story hotel and restaurant thereon, and there is no evidence shown by the abstract tending to show that appellee owned lots 26 and 27 in any block other than block 4, or that in the village of Bensenville there was any other two-story hotel and restaurant, or that there were lots-. 26 and 27 in any block in the subdivision other than in block 4. The contract is not shown by the evidence to have been indefinite in this respect.

It is further contended by appellant that by the contract the premises were to be subject to a mortgage of $8000, due in three years, while the guaranty policy showed that the premises were subject to a trust deed due February 3, 1919, to secure notes aggregating $12,000. Appellant was given, together with the guaranty policy, before he submitted it to his lawyer, a letter from the Humboldt State Bank stating that it was the owner and holder of the trust deed mentioned in the guaranty policy and that notes aggregating $4000 secured by the trust deed had been paid and canceled and that there was now remaining unpaid thereon $8000, the payment of which sum had been extended to February 2, 1932. Appellant’s receipt of the policy and letter dated August 7, 1929, is shown by the evidence. Prior to the entry of the decree the time of the payment of the $8000 was extended to August 2, 1932. There is no variance between the contract and the deed tendered which would preclude a decree for the specific performance of the contract.

The original contract provided that the vendor should have sixty days.in which to cure any objections which might be made to his title. .The contract provided that certain special assessments should be paid by the vendee and others by the vendor. While certain special assessments are shown by the guaranty policy to have been made against the land it does not appear to what class they belong. The letter of appellant’s attorney did not give appellee sixty days’ time in which to clear up any liens or special assessments which should be paid by appellee but declared the contract void and demanded the payment of the earnest money. The evidence shows that appellee was at all times able, ready and willing to comply with the terms of the agreement entered into by him. The warranty deed which he tendered appellant was, so far as it appears from the abstract, in compliance with the terms of the contract.

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Cite This Page — Counsel Stack

Bluebook (online)
172 N.E. 161, 340 Ill. 180, Counsel Stack Legal Research, https://law.counselstack.com/opinion/braude-v-wardy-ill-1930.