United Real Estate Co. v. McDonald

41 S.W. 913, 140 Mo. 605, 1897 Mo. LEXIS 264
CourtSupreme Court of Missouri
DecidedJuly 6, 1897
StatusPublished
Cited by9 cases

This text of 41 S.W. 913 (United Real Estate Co. v. McDonald) 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
United Real Estate Co. v. McDonald, 41 S.W. 913, 140 Mo. 605, 1897 Mo. LEXIS 264 (Mo. 1897).

Opinion

Gantt, P. J.

This is a civil action to recover damages for a breach of the following bond executed by the defendants:

‘ ‘Know all men by these presents: That we, John R. McDonald as principal, and A. K. Florida, Francis Gh Flannagan and Benjamin F. Hammett as secmities, all of the city of St. Louis and State of Missouri, are held -and firmly bound unto the United Real Estate Company, a corporation organized and existing under the laws of the State of Missouri, in the full sum of thirty-five thousand dollars, lawful money of the United States, for the payment of which, well and truly to be made, we hereby bind ourselves, our heirs, administrators and assigns firmly by these presents. Sealed with our seals and dated the 28th day of October, 1892.
“The condition of the above obligation is such that whereas, the said United Real Estate Co. has sold and conveyed to the said John R. McDonald the following described real estate in the city of St. Louis, State of Missouri, to wit: A lot or parcel of ground situated in city block No. 495 of said city of St. Louis, [609]*609and more particularly described as follows: Beginning at a point where the east line of Eighteenth street intersects the south line of Chestnut street; thence eastwardly along said south line of Chestnut street one hundred and sixty-two feet and one half inch to a point; thence southwardly and parallel with Eighteenth street, seventyrtwo feet, ten and one half inches, mone or less, to an alley fifteen feet wide; thence west-wardly along the north line of said alley one hundred and sixty-two feet and one half inch, more or less, to the said east line of Eighteenth street; thence north-wardly along said east line of Eighteenth street seventy-two feet and eleven inches, more or less, to the point of beginning. Being same property acquired by said United Real Estate Co. by deeds recorded in the recorder’s office of the city of St. Louis in book 952 at page 172, book 953 at page 188, and book 964 at page 173. And, whereas, the said John R. McDonald did agree as one of the conditions of said sale to erect upon said property ten two or three story brick and stone buildings at a cost of not less than thirty-five thousand dollars, and to have the said buildings completed and all the labor and materials entering thereinto fully paid for on or before June 28, 1893; and, whereas, said United Real Estate Co. sold said property to said McDonald at a lower price than it would have done except for said agreement on the part of said McDonald to erect said buildings, and said agreement was a material inducement to said sale. Now, therefore, if the said John R. McDonald, his heirs, administrators or assigns, shall cause to be ei’ected upon said property ten two or three story brick and stone buildings, at a cost of not less than thirty-five thousand dollars, and shall have the same completed and all labor and materials entering thereinto paid for on or before June [610]*61028, 1893, then this obligation to be void; otherwise to remain in full force and virtue.
“John R. McDonald, [seal]
“Alonzo K. Florida, [seal]
“Francis GK Flannagan, [seal]
“Benjamin F. Hammett, [seal]
“Signed, sealed and delivered in the presence of us this fifteenth day of December, 1892.
“Jules Y. Bouoher,
“G-eo. W. Rorer.”

The breach assigned is that said McDonald, his heirs, administrators or assigns, “did not cause said buildings or any less number thereof at a cost of $35,000 or any other sum to be erected on said real estate on or before June 28, 1893, or at any other time,” and by reason of said breach plaintiff is damaged in the sum of $18,569.79; that said Hammett has paid $6,400 in discharge of his liability on said bond and that a balance of $12,169.79 is still due plaintiff from defendants. A. K. Florida having died after the execution of the bond, the Mississippi Valley Trust Company, his administrator, was made party defendant. The defendants McDonald, Flannagan and the administrator of Florida, each filed separate answers. These answers admit the sale; aver that the price agreed upon was the full intrinsic market value of the property and not a sum less than the real value in view of the erection of the proposed buildings; admit the giving of the deed of trust and the failure to erect the houses; the subsequent sale and purchasing of the said real estate by plaintiff; pleads an accord and satisfaction by purchase of the property by Hammett for $60,000 and the acceptance thereof by plaintiff in full satisfaction of the liability, if any, of Hammett and Flannagan on said bond; denies all consideration for [611]*611the bond; denies any breach thereof or any loss or injury by plaintiff.

At the close of the evidence the court instructed that plaintiff could only recover nominal damages against Elannagan, McDonald and the estate of Florida, and gave judgment for one cent.

Plaintiff filed its motion for new trial and assigned as grounds that:

“1. The finding and judgment in said cause that the plaintiff was entitled to nominal damages only was against the evidence and the weight of evidence and the law under the evidence.
“2. The court erred in admitting incompetent, irrelevant and immaterial evidence at the instance of the defendants against plaintiff’s objection and exception.
“3. The court erred in rejecting competent, relevant and material evidence offered by the plaintiff.
.,“4. The court erred in its declarations of law given at the instance of the defendants.
“5. The court erred in its declarations of law given of its own motion.
“6. Thedamage assessedis wholly inadequate and insufficient.”

The court sustained this motion upon the ground that “the court erred in the instructions given.” To this order granting a new trial defendants objected and excepted at the time and have appealed from said order.

I. The sole question for solution is the propriety of the granting a new trial.

The instructions given were two of the same import, one in behalf of Florida’s estate, and the other in behalf of McDonald and Flannagan to the effect that under the testimony plaintiff could only recover nominal damages.

Indulging for the present the presumption that [612]*612the circuit court correctly denied a new trial on all the other grounds set out in the motion therefor, save that assigned by it on its record, we proceed according to the course of decisions in this State to examine the charge that it erred in granting the new trial because it gave.the declarations of law it did. Bradley v. Reppell, 133 Mo. 545; Millar v. Madison Car Co., 130 Mo. 517; Candee v. Railroad, 130 Mo. 142; Herdler v. Buck Stove Co., 136 Mo. 3.

By reference to the breach alleged it will be observed that damages were sought for the failure to build the houses called for in the bond on or before June 28,18.93. It stands confessed that the houses were never built.

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Bluebook (online)
41 S.W. 913, 140 Mo. 605, 1897 Mo. LEXIS 264, Counsel Stack Legal Research, https://law.counselstack.com/opinion/united-real-estate-co-v-mcdonald-mo-1897.