State Ex Rel. Hoyt v. Shain

93 S.W.2d 992, 338 Mo. 1208, 1936 Mo. LEXIS 606
CourtSupreme Court of Missouri
DecidedApril 23, 1936
StatusPublished
Cited by14 cases

This text of 93 S.W.2d 992 (State Ex Rel. Hoyt v. Shain) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
State Ex Rel. Hoyt v. Shain, 93 S.W.2d 992, 338 Mo. 1208, 1936 Mo. LEXIS 606 (Mo. 1936).

Opinions

Certiorari to test the correctness of the ruling, under our latest controlling decisions, of the Kansas City Court of Appeals in a cause styled The Lampton Realty Co. v. Hoyt (Mo. App.), 80 S.W.2d 249, holding, briefly stated, the assignee of a contract for the purchase of real estate from the vendee-assignor personally liable to the vendor for certain monetary obligations imposed by said contract upon said original vendee as evidenced by the provisions of said contract and also, in part, by the negotiable note, given under said contract, of said vendee; and the correctness of the ruling of said court on a counterclaim interposed by said assignee asking damages on account of alleged fraudulent misrepresentations made in connection with the assignment of said contract to said assignee.

[1] Upon certiorari proceedings to one of the Courts of Appeals, State ex rel. English v. Trimble (en banc),320 Mo. 1113, 1118, 9 S.W.2d 624, 626(2), rules: "The majority opinions of this court, where this question has been considered, have uniformly and repeatedly held that `for the facts of the case we should go to the opinion' of the Court of Appeals. [Citing cases.] The only enlargement, if such it be, of our source of information above noted as to the facts in the case that has been recognized by a controlling opinion of this court is our ruling that recourse be had to any pleading, instruction or other written document referred to in the opinion and made the subject-matter of a ruling therein, and this on the theory that such reference makes the written document just as much a part of the opinion as if fully set forth therein. [Citing cases.]" [See, also, State ex rel. v. Ellison, 281 Mo. 667, 674, 220 S.W. 498, 500(1); State ex rel. v. Trimble, 300 Mo. 92, 101(2),253 S.W. 1014, 1016(2); State ex rel. v. Shain, 334 Mo. 617,66 S.W.2d 826, 827(1).] In State ex rel. Ward v. Trimble, 327 Mo. 773, 778, 39 S.W.2d 373, 374(7, 8) we said: "We are bound by the Court of Appeals' conclusion as to what the facts are, but we are not bound by the result it reaches byapplying *Page 1213 the law to the facts, if that result conflicts with controlling decisions of this court."

We set forth only such facts as we deem essential to a determination of this proceeding. [See 80 S.W.2d 249, for a more detailed statement of the case.]

[2] The Lampton Realty Company, a corporation of the State of Louisiana, as vendor, contracted (designated bond for deed contract) with Roy O. Allen, as vendee, of New Orleans, Louisiana, on January 1, 1931, insofar as material to the issues properly presented and preserved for review here, for the sale and purchase of what was designated the Tilden lands or plantation, situated in Avoyelles Parish, Louisiana, as follows [80 S.W.2d l.c. 249]:

"`That the vendor agrees to sell, and the purchaser agrees to buy, the following described property, to-wit:

"[Here follows a description of the real estate.]

"`The price to be paid by the purchaser shall be Twenty-two thousand one hundred eleven dollars and sixty-three cents ($22,111,63), which shall be payable five years from this date, with six per cent per annum interest thereon, which interest is to be payable semi-annually, representing which amount the purchaser had made and executed and delivered to the vendor a note for like amount made payable to the said vendor.

"[Here follows provisions giving the vendee the privilege of paying the note at any time, and the right to demand a deed after reducing the principal by $5,000, subject to a first mortgage or vendor's lien for the balance due.]

"`It is further agreed that should the purchaser fail to pay any one interest installment, then this contract shall be null and void, and such sums as the purchaser shall have paid shall be regarded by vendor as liquidated damages.

"`Should purchaser fail to pay the first semi-annual interest due under this instrument and this contract be terminated by reason of the foregoing, it is understood and agreed that purchaser shall become liable to vendor as liquidated damages, for having held this property off the market, in the sum of One Thousand Dollars ($1,000.00), which amount shall be due and payable immediately upon failure to pay the semi-annual interest due.

"`The purchaser obligates himself to pay all taxes which may be due on the above property for the period of time subsequent to December 31, 1930.

"`The purchaser likewise obligates himself to keep insured for a reasonable valuation all of the improvements on the above referred to premises.

"`The purchaser shall have the right to sell any of the natural resources only with the full consent and approval of the vendor, the proceeds to be credited on the principal of this contract. *Page 1214

"`The purchaser takes cognizance of the rights granted by the vendor to the United States of America, under a deed . . . dated June 30, 1930, wherein this vendor sold and transferred to said United States of America the full, complete and perpetual right, power and privilege to overflow in connection with the control of floods on the Mississippi river and its tributaries . . . that is, on the subsequent transfer to be made of this property to him shall be subject to the said rights.

"[Here follows provisions regarding title and liquidated damages to purchaser.]

"`R.O. Allen, "`The Lampton Realty Company, "`By E.W. Reid, Secretary.'

"`(Seal)

"It appears that Roy O. Allen took possession of aforesaid real estate and made a contract with a Mr. Elliott for sale of timber on the place. Said contract, under the bond for deed contract, stood to be approved by the Lampton Company."

Roy O. Allen and L.T. Hoyt, of Kansas City, Missouri, entered into negotiations for the exchange of said Lampton-Allen contract for certain real estate of said Hoyt, and pending said negotiations Mr. Hoyt made a trip to and inspected the Tilden plantation, being accompanied on the inspection by Mr. Allen and a Mr. Thomas, a realtor of New Orleans.

"It appears that the trade, as first propositioned, failed to go through. Later a different proposition from Mr. Hoyt was submitted through a letter sent by a real estate agent in Kansas City, Missouri. In response to this letter, Mr. Allen came to Kansas City and Mr. Thomas accompanied him. Negotiations were again entered into which resulted in a deal expressed in a contract executed in Kansas City on August 6, 1931." Said contract (said Allen being designated party of the first part and said Hoyt as party of the second part), omitting recitations and provisions immaterial here, provided [80 S.W.2d l.c. 251]:

"`The said party of the first part has agreed and does hereby agree, for and in consideration of the sum of One Dollar to him paid by the party of the second part, the receipt whereof is hereby acknowledged' to bargain, sell, assign, transfer and set over unto the said L.T. Hoyt, to his heirs and assigns, the said contract for the purchase of said lands and the said contract for the sale of said timber and all of his right, title, interest and claim, or demands in and to said contracts and in and to the lands therein described.

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Cite This Page — Counsel Stack

Bluebook (online)
93 S.W.2d 992, 338 Mo. 1208, 1936 Mo. LEXIS 606, Counsel Stack Legal Research, https://law.counselstack.com/opinion/state-ex-rel-hoyt-v-shain-mo-1936.