Metz v. Wright

92 S.W. 1125, 116 Mo. App. 631, 1906 Mo. App. LEXIS 181
CourtMissouri Court of Appeals
DecidedFebruary 13, 1906
StatusPublished
Cited by3 cases

This text of 92 S.W. 1125 (Metz v. Wright) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Metz v. Wright, 92 S.W. 1125, 116 Mo. App. 631, 1906 Mo. App. LEXIS 181 (Mo. Ct. App. 1906).

Opinion

BLAND, P. J.

Plaintiff Metz and defendant Wright entered into the following articles of agreement:

“Articles of agreement made this seventeenth day of October, 1903, by and between W. L. Wright, agent, of Vandalia, Audrain county, State of Missouri, party of the first part and A. H. Metz, of Forrest, Livingston county, State of Illinois, party of the second part.

“Witnesseth that the said party of the first part, in consideration of the promises and agreements of the said party of the second part hereinafter contained hereby agrees to convey to said party of second part by general warranty deed with dower of his wife relinquished, properly acknowledged, the following described real estate, situated in the county of Ralls, and State of Missouri, to-wit:

“The east half of south one-half northwest and the east one-half of southwest quarter of section 15, townships 53-5.

“Said conveyance to be subjected to right of way of all public roads as they are now located, subject also to the taxes for the year of 1904, which the said party of the second part agrees to pay, said deed to be executed contemporaneously with this agreement and placed in escrow with Missouri Land Go., or F. & M. Bank of Vandalia, Missouri.

“The said party of the second part, in consideration of said conveyance, has this day paid to said party of the first part the sum of-dollars ($---), the receipt of which is hereby acknowledged, and agrees to pay as additional consideration the further1 sum of five hundred dollars ($500), on the first day of March, 1904, and his stock of groceries at Forrest, 111., said stock to [636]*636be invoiced at market value and five per cent added for carriage, fixtures at their market value and the balance of purchase price of $5,400, by trust deed on said land at five per cent.

“Said party of the first part agrees to furnish to the party of the second part an abstract of the title of said real estate on or before March 1,1904, showing, good and merchantable title, certified to by competent abstracters and shall surrender and give possession on the first day of March; 1904, possession to be delivered by said first party to second party in as good order and repair as same now are, usual and ordinary wear and tear, and unavoidable accident by fire or otherwise or providential destruction only except--. Said first party to keep buildings on said premises insured until possession is turned over to said second party.

“It is mutually agreed by and between the parties hereto that time shall be an essential part of this contract, and that all the stipulation and covenants herein contained shall extend to and be obligatory upon the heirs, executors, administrators and assigns of the respective parties.

“Witness the hands and seals of the said parties on the day and year first above written.

“Purchase price $5,400. Cash March 1st, $500. Grocery stock to be invoiced soon as title to land is established. Balance trust deed on said land to> bear interest from March 1, 1904.

(Seal.) “W. L. Weight.

(Seal.) “A. H. Metz.

“First party to pay for insurance at $2.00 per month for unexpired term and to allow interest at rate of five percent per annum for amount over $500 the the grocery stock invoices.”

Gn November 9, 1903, plaintiff and defendant made the following supplemental agreement:

“It is hereby agreed that if first party cannot get a correct abstract or deed. from Dunbar, guardian to [637]*637southeast of northwest quarter 15-53-5, that first party shall have time to take the matter through the Missouri probate or circuit court by giving bond for the amount of the purchase price of said land, limited to April 20, 1904, for completion.

“W. L. Wright,

“A. H. Metz.”

In compliance with the supplemental agreement, Whight, as principal, and the other defendants, as sureties, executed and delivered to plaintiff the following bond:

“November 9, 1903.

BOND IN TRUST.

“Know all men by these presents, that we, W. L. Wright and C. B. Ellis, of Vandalia, Mo., as principal, and F. B. Detienne, as security, acknowledge ourselves indebted to> Mr. A. H. Metz, of Forrest,. 111., in the sum of three thousand dollars, for the payment whereof we bind ourselves, our heirs, executors and administrators.

“The condition of the above obligation, that whereas the said W. L. Wright and C. B. Ellis, of Vandalia, Mo., shall deliver tojbhe said A. H. Metz, of Forrest, 111., warranty deed and abstract showing good title in the party who deeds the land of the southeast one-fourth of the northwest one-fourth and the east half of the southwest one-fourth all in section fifteen (15), township fifty-three (53), range five (5), west, Ralls county, Missouri, containing one hundred and twenty acres (120) more or less according to U. S. survey, and whereas in failure to comply with the above condition we, W. L. Wright and C. B. Ellis, of Vandalia, Mo., shall turn over to said A. H. Metz, of Forrest, 111., the amount equivalent to their stock of merchandise as will be invoiced on November 9, 1903.

“In case of failure of A. H. Metz to comply with contract made and entered into by and between W. L. Wright, party of the first part, and A. H. Metz, party of [638]*638the second part, on Oct.-, 1903, the' above obligation will be null and void.

“Time for completion limited to April 20, 1901.

“O. B. Ellis,

“F. B. Detienne.”

On November 11, 1903, an inventory was made of plaintiff’s stock of goods in Illinois, as provided for in the contract, and the value agreed upon, as shown by the following indorsement on the back of the original contract :

“Forrest Hill, 111., Nov. 11,1903.

“Inventory of grocery stock, $1020. Carriage 5 per cent on grocery stock, $51. Fixtures, $216. Unexpired insurance, $11. Interest on amount over $500, $11. Total amount credited on with contract, $1,312.

The goods were delivered to1 Wright and he disposed of them. Wright was unable to furnish an abstract of title to the lands, satisfactory to> the plaintiff, and the suit is on the bond to recover the agreed value of the goods.

The answer alleged a compliance with the terms of the contract, and also stated that extensions of the time, in which the contract might be performed, had been made from time to time, and stated a readiness on the part of Wright to remove any real or apparent defects in the title to the lands.

The abstract as first submitted was certified on October 20, 1903. A supplemental abstract from Pike county, beginning with the last will of Robert Rose, of said county, certified by the abstracter and the judge of the probate court, was furnished Herbert Powell, Esq., plaintiff’s attorney, who made certain objections and the abstract was again extended on March 25, 1901. On April 16, 1901, plaintiff submitted the abstract and extension to Messrs. Fry and Rodgers, of Mexico1, Missouri, [639]*639who gave an opinion in which certain additional evidence of title was called for, and special objections to proceedings had in the Ralls County Probate Court, resulting in a sale of the lands by a curator, were made.

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Bluebook (online)
92 S.W. 1125, 116 Mo. App. 631, 1906 Mo. App. LEXIS 181, Counsel Stack Legal Research, https://law.counselstack.com/opinion/metz-v-wright-moctapp-1906.