Cowsar v. Rhodes

41 S.W.2d 115, 1931 Tex. App. LEXIS 1299
CourtCourt of Appeals of Texas
DecidedMay 23, 1931
DocketNo. 12469.
StatusPublished
Cited by1 cases

This text of 41 S.W.2d 115 (Cowsar v. Rhodes) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cowsar v. Rhodes, 41 S.W.2d 115, 1931 Tex. App. LEXIS 1299 (Tex. Ct. App. 1931).

Opinion

BUCK, J.

J. E. Rhodes, of Weatherford, Parker county, sued A. H. Cowsar, of Olney, Young county, and for cause of action plaintiff represented that he and defendant had entered into an agreement in writing by them subscribed; such an agreement being as follows:

“State of Texas, County of Parker.
“Know all men by these presents:
“Whereas, A. H. Cowsar, is the owner of certain property in Olney, Texas,' consisting of a lot and two (2) houses more fully described hereinafter; and
“Whereas, J. E. Rhodes, is the owner of forty (40) acres of land out of the J. S. Fox survey, of Parker County, Texas; and
“Whereas, it is the desire of both parties to make an exchange of said property on certain terms, covenants and conditions as more fully set out hereafter; and
“Now therefore know all men by these presents that we hereby agree and do hereby bind ourselves, executors and administrators as follows, to-wit:
“First.
“It is agreed by and between the parties hereto that the forty (40) acres of land owned by the said J. E. Rhodes is worth four thousand ($4,000) Dollars, against which there is a first vendor’s lien note in the principal sum of nine hundred ($900) dollars, which indebtedness the said A. H. Cowsar assumes; and
“Two.
“It is further agreed that value of lot No. 12 block No. 11, Olney Improvement Addition at Olney, Texas, is three thousand ($3,000) dollars, and is clear of encumbrance.
“Three.
“It is further agreed that the said J. E.' Rhodes is to pay the 1930 taxes on the Olney property and the said A. H. Cowsar is to pay the 1929 and 1930 taxes on the forty-(40) acres now o'wned by J. E. Rhodes.
“Four.
“The said J. E. Rhodes hereby binds himself to deliver a good and -merchantable abstract of title to the forty (40) acres of land herein conveyed out of the J. S. Fox survey, and being the same land more fully described in the deed from Y. W. Rowland and wife to J. E. Rhodes dated April 12, 1929, of record in Deed Records of Parker County, Texas, subject only to 1929 and 1930 taxes and subject to four (4) two hundred ($200.00) dollars notes, described in said deed and a balance of one hundred ($100.00) dollars still remaining on the 1929 two hundred ($200.00) dollar note.
“Five.
“The said A. H. Cowsar hereby agrees and binds himself to execute a good and sufficient warranty deed to lot No. 12, block No. 11, Olney Improvement Addition, showing a good and merchantable title in him, same being free of all liens and encumbrances, subject however to the purchaser assuming the 1930 taxes accruing on said property.
“Six.
“Each party hereto shall bring his abstract down to date immediately and shall deliver same to the other party who shall be allowed five (5) days from the receipt thereof for the examination and approval of said abstract. If there are any objections to said title by the attorney of said parties selection, the other party shall be allowed a reasonable time to perfect said objections, which shall be done at the expense of the party whose land is affected. Notices of any objections of said title shall be given immediately upon complete examination of said title.
“Seven.
“Each party hereto especially agrees and binds himself to take every step to expedite the conclusion of this deal each party agrees to execute a proper warranty deed to the property he conveys and on completion of the deal each party hereto shall be given immediate possession of the property conveyed to him.
“Eight.
“It is especially agreed and understood by both parties hereto that each party shall pay to O. A. Wood two and one-half (2½) per cent, commission on a valuation of four thousand ($4,000.00) dollars, and A. H. Cowsar on a valuation of. three thousand ($3,000.00) dollars.
“Nine.
“This contract shall be enforcible in Parker County, Texas, and any suit to enforce the same shall be brought in Parker County, Texas.
“Ten.
“Each party hereto unconditionally agrees ■and binds himself to convey the property *117 which he now owns to the other party immediately on the approval of the title and if any objections are raised to his title he binds himself to correct his title at his own expense. If neither party is notified to any objections of the property he has conveyed after five days after examination of title, then said objections are waived.
“Eleven.
“It is especially agreed that if either party hereto fails or refuses in any way or 'manner to carry out or completely fulfill this contract he hereby agrees and binds himself to pay to the other party the, sum of seven hundred fifty dollars ($750.00) as 1¼-uidated damages for his failure or refusal to strictly comply with this contract.
“Twelve.
. “This contract is executed in duplicate, each is declared to be an original for all legal purposes the same as if original. A third copy is being kept by the party drawing up said contract.
“Thirteen.
“It is agreed and understood that the said J. E. Rhodes is trading for the Olney property sight unseen, but he understands that there are two houses on said lot, one being a five room new house and the other a three room house.
“Witness our hands at Weatherford, Texas, this the 14th day of February, A. D. 1930.
“A. H. Cowsar
“J. E. Rhodes.”

Plaintiff alleged that by the terms of said contract the defendant agreed to execute a good and sufficient warranty deed to the property in Olney owned by him, immediately upon examination of the abstract of title owned and furnished by plaintiff, and agreed to convey said property to plaintiff free of any liens and incumbrances; and plaintiff on his part agreed that he would at the time and place mentioned in said contract, on the execution and delivery of said conveyance to liim by defendant, deliver to defendant the warranty deed to the 40 acres of land described in said contract, subject to an indebtedness of approximately $1,000; that, by the terms of said contract, if either party thereto failed or refused in any manner to carry out and completely fulfill said contract, he agreed to pay to the other party $750 as liquidated damages for his failure or refusal to strictly comply with said contract.

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Cite This Page — Counsel Stack

Bluebook (online)
41 S.W.2d 115, 1931 Tex. App. LEXIS 1299, Counsel Stack Legal Research, https://law.counselstack.com/opinion/cowsar-v-rhodes-texapp-1931.