Marshall and Marshall v. Krantz

113 So. 110, 93 Fla. 730
CourtSupreme Court of Florida
DecidedApril 4, 1927
StatusPublished
Cited by3 cases

This text of 113 So. 110 (Marshall and Marshall v. Krantz) is published on Counsel Stack Legal Research, covering Supreme Court of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Marshall and Marshall v. Krantz, 113 So. 110, 93 Fla. 730 (Fla. 1927).

Opinion

*731 Ellis, C. J.

In April, 1921, W. W. Marshall and his wife entered into a contract with W. J. Braddock and his wife for the purchase of certain lots of land in a subdivision known as “Lantana” in Section 26 and Lots 3 and 4 in Section 27, all in Township 15 South, Range 33 East. Of the lots in the “Lantana” subdivision there were among others six numbered respectively from 1 to 6 inclusive in Block 2.

Later in the same month the Marshalls entered into a contract with Hubert Krantz, by the terms of which they agreed to convey to Krantz and in terms did convey to him “all of their right, title, interest and equity in and to all of the land lying east of the Halifax River covered and described by this said agreement for deed between the parties of the first part (the Marshalls) and the said Brad-docks.” The agreement between the Marshalls and the Braddocks was made a part of the agreement between the Marshalls and Krantz, who expressly agreed to the ‘ conditions and stipulations on the 2nd page of the said agreement for deed between the party of the second part (the Marshalls) and the said Braddocks covering Lots A, B, C, D, E, and P, of the subdivision of Lot 3, Block 1, ‘Lantana’; and also Lots 7 and 20; 13 and 14, Block 2, of ‘Lantana'.” That reference was to a clause in the Braddock agreement whereby it was agreed that the title to those lots was based upon tax deeds and that the Braddocks would bring suits to quiet the title thereto or secure quit-claim deeds; that if the title failed to any lot the Braddocks would reimburse the Marshalls on each lot as to which the title failed.

The Krantz agreement provided that “in consideration of the conveyance above stipulated” he would pay to the Marshalls $25,000.00 in the manner following: “Ten ($10.00) Dollars cash, upon the delivery to the party of the second part (Krantz) a good and sufficient warranty *732 deed conveying and assuring unto the said party of the second part a fee simple title, free and clear of all encumbrances ; a promissory note for Twenty-four Hundred and Ninety ($2,490.00), payable to the order of the parties of the first part on or before October 20th, A. D. 1921, with interest after date at the rate of 6 per cent per annum, payable semi-annually; together with a promissory note, payable to the order of the parties of the first part on or before the 15th day of March, A. D. 1924 (nineteen hundred twenty-four), with interest after date at the rate of 6 per cent per annum, payable semi-annually; provided the party of the first part (the Marshalls) receives from the said Braddocks a good and sufficient warranty deed conveying a marketable title to the property mentioned in the agreement for deed hereto attached as ‘Exhibit A.’ (The Braddock-Marshall contract.) Interest on the two promissory notes herein before mentioned will begin to run from the date of the acceptance of the deed conveying the property mentioned in the agreement for deed hereto attached as Exhibit ‘A’ by the party of the second part.”

The agreement between the Marshalls and Krantz also provided that the Marshalls would submit to Krantz a certified copy of the deed which they were to obtain from the Braddocks to the property immediately after receiving the same, together with an ‘ ‘ abstract covering title to said property to the date of the deed tendered. ’ ’ Upon the happening of this event Krantz was to order the Merchants Bank of Daytona within thirty days to deliver to the Marshalls the two promissory notes mentioned. (The amount of the second note is later expressly stated in the contract.) Coupled to this clause was a proviso making the delivery of the notes conditioned upon the deed from the Braddocks conveying to the Marshalls a title to the property described *733 in the agreement in fee simple free and clear of all incumbrances with all taxes paid until December 31,' 1920.

It was also agreed that the Marshalls would upon the payment by Krantz of the note for $2,490.00 deliver to him a warranty deed conveying the property described in the agreement and to secure the payment of the second note Krantz should execute a mortgage upon the property for $22,500.00, payable on or before March 15, 1924. It was also agreed that in the event the Braddocks failed to convey to the Marshalls a ‘ ‘ clear fee simple title to each of Lots A, B, C, D, E and F, of the sub. of Lot 3, Block 1, ‘Lantana’; and also lots 7 and 20, 13 and 14, Block 2 of ‘Lantana’,” then the Marshalls would credit Krantz with one hundred dollars for each lot which the Braddocks failed “to deliver” to the Marshalls. They agreeing to deliver to Krantz each lot' delivered to them by the Braddocks.

The agreement provided that if Krantz failed to make any of the “payments or any part thereof or to perform any of the covenants on his part” to be performed the contract should at the option of the Marshalls be ‘ ‘ forfeited and termináted. ’ ’

It was agreed that payments and acceptance of deed should be “essential parts of this contract, and that all 'covenants and agreements herein contained shall extend to and be obligatory upon the heirs, executors, administrators and assigns of the respective parties. ’ ’

In January, 1922, the Marshalls exhibited their bill in chancery against Krantz to declare the contract “forfeited and terminated and therefore null and void.” The incidental relief prayed for was that the title to the land be declared to be in W. W. Marshall; that Krantz’s interest be declared to be null and void and that he be restrained from asserting title to the land, and for general relief.

The basis of the suit is the existence of the two contracts *734 and the allegations that in July, 1921, the Marshalls submitted to Krantz a certified copy of the deed which they had received from Braddoek, together with an abstract of title to the property to the date of the deed; that Krantz refused to accept it because it failed to show “certain instruments or matters of record affecting the title to said land and premises which property should have been included in said abstract of title ’ ’ and returned it to the Marshalls, who caused the “omissions to be corrected” and returned it to Krantz on December 5, 1921; that the deed from the Braddocks conveyed to the Marshalls a title in fee simple to the property described in the Krantz contract clear of all incumbrances with all taxes paid to December 31, 1920, and that they had performed all the obligations resting upon them under the Krantz contract as conditions precedent to the relief sought, and on December 2, 1921, notified Krantz that the thirty days’ limit within which he was to deliver the two notes would expire on January 15, 1922, and that if he failed to perform the “covenants” the Marshalls would exercise their option to “forfeit and terminate the contract of sale”; that Krantz had refused to deliver the two notes and had only paid the ten dollars cash payment on the purchase price of the lots, which the Marshalls were willing to return and had’ deposited it with the Clerk of the Court to be disposed of upon the Court’s order.

Krantz answered the bill in April, 1922.

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Bluebook (online)
113 So. 110, 93 Fla. 730, Counsel Stack Legal Research, https://law.counselstack.com/opinion/marshall-and-marshall-v-krantz-fla-1927.