Brown v. Coppadge

1915 OK 1064, 153 P. 817, 54 Okla. 88, 1915 Okla. LEXIS 1274
CourtSupreme Court of Oklahoma
DecidedDecember 14, 1915
Docket5234
StatusPublished
Cited by23 cases

This text of 1915 OK 1064 (Brown v. Coppadge) is published on Counsel Stack Legal Research, covering Supreme Court of Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Brown v. Coppadge, 1915 OK 1064, 153 P. 817, 54 Okla. 88, 1915 Okla. LEXIS 1274 (Okla. 1915).

Opinion

Opinion by

DUDLEY, C.

In April, 1912, the plaintiffs in error, plaintiffs below, commenced this action in the district court of Kay county against the defendants *89 in error, defendants below, to - recover $37,950 damages for the alleged breach of certain contracts for the sale of certain real estate located near Oklahoma City. The parties occupy the same position here that they did in the trial court, and we shall refer to them accordingly. The trial court sustained a demurrer to the plaintiffs’ evidence and rendered judgment against them dismissing the action at their cost, from 'which they have appealed.

On July 22, 1910, the parties hereto entered, into a written contract by the terms of which the defendants sold to plaintiffs 40 acres of land near Oklahoma City for $25,000, payable as follows: $6,500 cash; $3,500 August 7, 1910; $10,000 September'7, 1911; and $5,000 March 7, 1912, said deferred payments to bear interest at 8 per cent, from July 7, 1910; and plaintiffs to have possession of said land from August 7, 1910, provided the deferred payment maturing at that time was paid. This payment was not made, and on September 15, 1910, said parties entered into a second contract with reference to said land, in which the original contract of July 22, 1910, was referred to and made a part thereof; providing, however, that the terms and provisions of the said contract inconsistent with this contract were to be held for naught. The main object of this contract was to extend the deferred payments of the original contract, and with reference to this matter it is provided: Said deferred payments of $18,500 are agreed to be due and payable in the following manner: $1,500 March 1, 1911; $7,000 March 1, 1912; $10,000 September 15, 1912. Time is made the essence of this contract.

On February 27, 1911, said parties entered into a third contract with reference to said land, providing for *90 the platting of the same, and reciting that $8,000 of the original purchase price had been paid. That portion of the third contract necessary to be considered is as follows :

“Whereas, said parties of the second part are desirous of having said property platted into lots, blocks, streets and alleys, and the streets and alleys dedicated to the public, and have requested' said parties of the first part to plat said property and dedicate the streets and alleys thereon shown as herein mentioned; and
“Whereas, said parties of the first part have consented to plat said property, and dedicate the streets and alleys as requested by said second parties, and at the request of said second parties have further agreed to convey said lots and blocks to said second parties on payment to parties of the first part of eighty per cent. (80) of the actual amount for which said lots and blocks so conveyed may be sold, together with one dollar for cost of executing conveyances, the selling price of said lots to be furnished, together with the one dollar for cost of executing conveyances at the time request is made for deeds or conveyances: Provided, however, that the lots or block so sold shall not be released except on payment of a minimum amount, as shown on the schedule marked Exhibit A; that is, eighty per cent, of the price for which any lot is sold must equal the amount shown opposite said lot or block on said schedule, and the amount so received by said parties of the first pqrt shall be credited on the next payment falling due under the contract dated the 22d day of July, 1910:
“Now, therefore, said parties of the first part hereby agree to execute the plat prepared and furnished by said second parties, and further agree to dedicate the streets and alleys thereon shown, to the public, and further agree to execute and deliver to said second parties, deeds for any lot, lots or blocks, in said plat, on receipt of the sum of eighty per cent, of the actual selling price *91 of said lots, together with one dollar for executing said conveyances; and the payments so received shall be credited on the next payment falling due under the contract of July 22, 1910, between the parties hereto.
“It is further understood that said parties of the second part are to furnish said parties of the .first part a statement showing the exact price at which any lot, lots or block in said plat, except on receipt of the amount it is further understood and agreed that said parties of the first part shall not be required to release any lot, lots or block in said plat, except on receipt of the amount shown opposite said lot or block, on the schedule marked Exhibit A, it being understood that no lot or block shall be sold except it bring sufficient that eighty per cent, of said selling price shall equal the amount placed after said lot or block on said schedule.
“It is further understood and agreed that this contract shall in no manner affect the contract executed on July 22, 1910, and that said contract of July 22, 1910, shall be and is, continued in force the same as though this agreement had never been made.”

' On October 7, 1911, said parties entered into a fourth contract with reference to said land, by the terms of which the defendants sold to the plaintiffs the south half, or 20 acres of sard land, for $12,500, payable as follows: $8,000 cash; $1,000 October 7, 1912; $3,500 October 7, 1913. Said deferred payments to bear interest at 8 per cent, from date. This contract, omitting the caption, the description of the 20 acres, and the signatures and acknowledgments of the parties, is as follows:

“Witnesseth, that the parties of.the first part hereby agree to sell and convey by a good and sufficient warranty deed, clear of. any and all incumbrances and the second parties hereby agree to purchase premises as hereinafter set forth, upon the following terms and conditions, said premises being located as follows: * * * *92 Said first parties agree to convey said premises to second parties as aforesaid, upon the following terms, and in consideration of which second parties agree to pay the sum of $12,500; $8,000 of which is to be paid upon the execution of this contract and the balance of $4,500 to be paid as follows, to wit, $1,000 to be due and payable on or before one year after the date of this instrument with interest thereon from date, at the rate of 8 per cent, per annum, payable semiannually until paid, and $3,500 due and payable on or before two years after date with interest thereon from date at the rate of 8 per cent, per annum, payable semiannually, until paid. If either or both of said payments be made before the date of maturity, such interest to cease at the time of payment. It is agreed and understood that parties of the second part are to have possession of said described premises and use thereof after the date of this' instrument, and to retain possession thereof, providing said second parties meet the terms of this agreement. Second parties are to suffer no waste nor permit any waste on said premises during the term of this contract. Second parties agree to pay all taxes on said premises and any back taxes, if any, accruing since the year of 1909.

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Cite This Page — Counsel Stack

Bluebook (online)
1915 OK 1064, 153 P. 817, 54 Okla. 88, 1915 Okla. LEXIS 1274, Counsel Stack Legal Research, https://law.counselstack.com/opinion/brown-v-coppadge-okla-1915.