Triplett v. Brevard Properties, Inc.

115 So. 534, 94 Fla. 869
CourtSupreme Court of Florida
DecidedNovember 7, 1927
StatusPublished
Cited by8 cases

This text of 115 So. 534 (Triplett v. Brevard Properties, Inc.) 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
Triplett v. Brevard Properties, Inc., 115 So. 534, 94 Fla. 869 (Fla. 1927).

Opinion

Ellis, C. J.

The appellants appealed from an order overruling their demurrers to the bill of complaint exhibited against them by the appellee in the Circuit Court for Duval County for a specific performance of a contract for the sale of lands.

A contract was entered into between Triplett and wife and Walker and wife of the one part, and Brevard Properties, Inc., of the other part. All formalities of the law as to execution of the instrument by the parties were observed. The subject matter of the contract was a tract of land in Duval County containing about twenty thousand acres which was subdivided and platted into lots or farms containing about twenty acres each; the whole intersected by roadways in such manner that each inside lot or farm fronted upon a public road about six hundred and sixty feet. The lots were rectangular in shape, the dimensions being about one-eighth by one-fourth of a mile. The property was known later as “the Maxville Farms.”

The contract was dated May 22, 1925, but at that time Triplett and Walker were not its owners and that fact *871 was known to the purchaser. The sellers, however, did have a contract for the purchase of the land with H. L. Parr, who had acquired it in 1921.

The price to be paid for the land was $12.00 per acre. Fifty-nine thousand dollars of the purchase price to be paid in cash upon the execution and delivery by the sellers of a “warranty deed.” Five thousand dollars were paid on the purchase price when the contract was executed.

A policy insuring the title to the properties was to be furnished by the sellers; the buyers to pay $1,000.00 toward the cost of it and to have a period of fifteen days after notification that the deed and policy were ready for delivery in which to pay the remainder of the cash payment and execute notes and mortgage for the balance.

The contract recited that the transaction contemplated the acquisition by the purchaser of twenty thousand acres of land, but if .title insurance was tendered covering as much as nineteen thousand acres and less than twenty thousand the sellers should have the option to “substitute the proper title insurance acreage of contiguous holdings” by them to make up the difference. It was provided that if the transaction should fail under its terms, then the cash payment of five thousand dollars should be refunded to the purchaser by the sellers. The conveyance was to have been “subject to the right-of-way of the Seaboard Air Line Railway and State Road No. 13 as now constituted, ’ ’ and due allowance to be made therefor “in fixing the purchase price per acre.”

The bill set out in its allegations the evidence which the pleader conceived established a breach of the contract by the sellers, which consisted of their refusal to execute the deed and provide the title insurance as agreed and then offering to refund the cash advancement of five thousand dollars on the ground that the transaction had failed.

*872 The bill alleged that the Prudential Mortgage Company, one of the defendants, was organized in October, 1924; that Triplett and "Walker are controlling stockholders, officers and directors of the company and on June 13, 1925, caused to be conveyed to the corporation by H. L. Parr and wife the land which the sellers had agreed by their contract to convey to the complainant, including the contiguous acreage Owned by them to which reference was made in the contract, to be conveyed to complainant to make up the full twenty thousand acres in the event title insurances could be obtained for only nineteen thousand acres; that the mortgage company had full knowledge of the agreement between the complainant and the defendants, Triplett and Walker.

It was alleged that that company pretended to advance the money to Triplett and Walker to make the purchase and took title to the land as security, but in fact Triplett and Walker supplied the money and are the real owners of the property; that the complainant had no knowledge of the execution of the deed to the Mortgage Company until July 8, 1925, and the complainant has at all times been ready, willing and able to perform the contract on its part to be performed.

The bill recites at some length the controversies between the parties concerning the property and the contract in relation to it and the respective rights of the parties thereunder. From these recitals of fact it may be inferred under the attack of the general demurrer that the sellers about June 4, 1925, advised complainant’s counsel that the Title Policy Company would issue a policy of clear title to only about sixteen thousand acres of the property described in the contract, and on the 16th, three days after the conveyance of the land to the Mortgage Company, offered to refund to the complainant the five thousand *873 dollars cash payment made when the contract was executed; that there was in fact about 17,129 acres as to which title insurance could be obtained, and the purchaser notified the sellers that it was willing to accept their warranty deed without title insurance for about 1,845 acres, making a total acreage of 19,074 to which title could be conveyed by defendants under the contract acceptable to complainant; that defendants declined the offer of settlement and again on June 30th complainant submitted to defendants, by way of settlement of the differences, a proposition embracing three elements: First, defendants should convey by warranty deed such lands as could be covered by title insurance without exception; second, as to such lands as only title insurance with exceptions could be obtained, defendants would convey by special warranty and, third, as to the remainder of the 20,000 acres complainants would accept defendants’ quit claim deed; that in the meantime complainant should be supplied with the form of title insurance to be written and abstracts of title including a list of lands to be covered' by warranty deed, a list of lands to be covered by insurance with exceptions, and a statement of the exceptions, a list of lands as to which no title insurance could be obtained, a draft of the three deeds and a statement of taxes, mortgages and other liens against the property.

This proposition was accepted by the defendants the following day, July 1, upon the conditions that the transaction be closed by July 13th but as of July 1st. Defendants’ claimed that the proposition of complainant of June 30th was made by defendants about thirty days before and complainant declined it; that if it had accepted it the transaction could have been closed in June.

The bill alleges that after the defendants accepted on condition the proposition as above stated they wired that *874 complainant must accept the condition by July 3rd; that notice was given by telegram to Mr. Watson, complainant’s secretary, at Miami, Florida, but Mr. Watson had gone to Key West and the president of complainant corporation advised Mr. Triplett by telegram of that fact but that the company would probably accept and would telegraph Mr. Triplett upon Mr. Watson’s return.

On July 7th Mr. Triplett revoked his offer of July 1st. Upon the same day complainant, through its counsel, wrote Mr.

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Bluebook (online)
115 So. 534, 94 Fla. 869, Counsel Stack Legal Research, https://law.counselstack.com/opinion/triplett-v-brevard-properties-inc-fla-1927.