Query v. Liston
This text of 60 N.W. 524 (Query v. Liston) is published on Counsel Stack Legal Research, covering Supreme Court of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
I. Our statute of frauds (Code, sections 3663, 3664) provides that no evidence of contracts for the creation or transfer of any interest in land, except leases for a term not exceeding one year, is competent unless it be in writing, and signed by the party charged or by his lawfully authorized agent. Section 3665 provides that this provision shall not apply “where the purchase money, or any portion thereof, has been received by the vendor.” The allegations of the petition are as follows: “That said Bridget Liston duly executed and acknowledged a power of attorney to her son, Maurice K. Liston, one of the defendants in this action, authorizing and empowering the said Maurice K. Liston to sell and convey said lands, and receive the purchase price thereof. That under and by virtue of said power of attorney said Maurice K. Liston, for and on behalf of the said Bridget Liston, on or about the fifteenth day of September, 1891, by parol agreement, sold said lands to this plaintiff for the agreed price of two thousand dollars. And it was further agreed at the same time, as a part of said contract, that the plaintiff should deposit in the National Bank of Corning, Iowa, on or before September 18, 1891, fifty dollars or one hundred dollars as a part of said purchase price, subject to the order of the defendant Bridget Liston or her said attorney in fact, to be paid to said defendant [290]*290Bridget Listón or her said attorney in fact whenever the title to said land was perfect. In order to arrange some matters relative to a former lien on said lands it was further agreed that the balance of said purchase, money should be paid, a warranty deed executed, and said lien discharged on or before October 6, 1891. That in pursuance of said agreement plaintiff deposited in the National Bank of Corning, at Corning, Iowa, on September 16, 1891, the said sum of fifty dollars in accordance with the terms of the contract above stated. That on Friday, September 18, 1891, plaintiff again saw Maurice K. Liston, and informed him of what he had done. Thereupon said Maurice K. Liston requested plaintiff to deposit in the First National Bank of Villisca, Villisca, Iowa, the further sum of one hundred dollars on the same terms, and the plaintiff agreed to comply with said request, and on the same day plaintiff did deposit in the First National Bank of Villisca, Iowa, the said additional sum of one hundred dollars, in accordance with the terms of said contract. That defendants have not drawn out the money so deposited in said banks, but said several sums are now in said banks, subject to the order of said Bridget Liston, or her said attorney in fact, in accordance with the terms of said contract.- And plaintiff alleges that at the time of said deposits the title to said land was perfect in the said Bridget Liston, and that under and by virtue of said contract the title to the money thus deposited immediately vested in the said Bridget Liston. That the incumbrance against said land referred to in said substituted petition consisted of a sheriff’s certificate of sale on foreclosure of a mortgage on said premises in this court. That as a part of the terms of said contract the amount due on said certificate was to be ascertained by computing the sum required to redeem from said sheriff’s certificate of sale, and the amount so found was to be deducted from the one thousand [291]*291eight hundred and fifty dollars balance of the purchase price, and any other charges against or liens upon said land were to be paid out of said one thousand, eight hundred and fifty dollars, and the balance, if any, paid to said Bridget Liston, at the time of the execution of the deed to said lapd.”
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Cite This Page — Counsel Stack
60 N.W. 524, 92 Iowa 288, Counsel Stack Legal Research, https://law.counselstack.com/opinion/query-v-liston-iowa-1894.