Thompson v. Colonial Trust Co.
This text of 131 S.E. 921 (Thompson v. Colonial Trust Co.) is published on Counsel Stack Legal Research, covering Court of Appeals of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
1. A contract for the sale of land, which is partly in writing and partly in parol, is not enforceable, by reason of the -statute of frauds. Civil Code (1910), § 3222 (4). Lester v. Heidt, 86 Ga. 226 (12 S. E. 214, 10 L. R. A. 108).
2. Where, by the terms of a contract for the sale of land, it is provided in writing that the purchase price of $2,400 is to be paid “five hundred cash, assume loan bal. at $25.00 per month,” and it is provided by parol that the said loan to be assumed is to be for the principal sum of $1,000 at seven per cent, interest, payable semiannually, maturing five years from date, and that the $25 monthly payments are to be evidenced by promissory notes bearing interest from date at the rate [13]*13of seven per cent, per annum, which parol agreement and understanding was inadvertently omitted from the contract of sale as written, such contract, being partly in writing and partly in parol, is, by reason of the statute of frauds, unenforceable.
3. In a suit upon such a contract by the purchaser against the seller, to recover for an alleged breach thereof by the defendant in failing to comply with the obligation to sell, a demurrer to the petition, upon the ground that the contract was unenforceable under the statute of frauds, was properly sustained.
Judgment affirmed.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Cite This Page — Counsel Stack
131 S.E. 921, 35 Ga. App. 12, 1926 Ga. App. LEXIS 531, Counsel Stack Legal Research, https://law.counselstack.com/opinion/thompson-v-colonial-trust-co-gactapp-1926.